The DJIA is ready to leap: the question is – up or down?

Dow Jones Industrial remained stable during the second half of the trading session today

In brief: Dow Jones Industrial Average does not stop, and analysts expect strong fluctuations on the U.S. stock market.

Dow Jones Industrial conducts successful trading session today. The level of support for the Dow index rising, but change is inevitable. The DJIA is a mark of 10,417.32 points, Dow index gained +95.02 (0.92 per day. At the same time, the U.S. Treasury still intends to sell 1.5 billion shares of Citigroup. The U.S. Treasury Department announced the U.S. intention to sell Citigroup announced a few hours ago.

The deal will be part of a plan announced sale of about 7.7 billion shares, which the U.S. administration received through participation in Citigroup’s program of government assistance in U.S. financial companies. As a result of stock trading on Thursday, July 22, the paper lender gave $ 4.09. Previously, the Office has already earned through the implementation of 2.6 billion shares of $ 10.5 billion (gross proceeds). The offer of sale will be valid until September 30 and closes, even if all the papers are not there to attend. Recall, for 7.7 billion shares of Citi (27% of total capitalization), the U.S. administration gave last summer for about $ 25 billion, while the volume of state aid to the bank against the background of the first wave of the crisis in 2008 amounted to $ 45 billion in exchange, the authorities have at their disposal of preference shares, which are then converted into common. As a result, capitalization of the bank rose by 40%, which contributes to the company’s securities at a reasonable price. The last sale of Treasury 1.1 billion ordinary shares of Citi held in late May of this year. Office earned on a transaction of more than $ 4.4 billion.

Anrey Torbinski
2010-07-23 18:45, Economics.

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