Dow Jones Industrial Average could climb to the maximum on the background of Chevron Corporation (NYSE: CVX) and Exxon Mobil Co (NYSE: XOM) reports

The DJIA is ready for a new record as Chevron Corp and Exxon Mobil Corp will report

In brief: Dow Jones Industrial Average will continue to climb higher this week, thanks to Chevron Corporation (NYSE: CVX) and Exxon Mobil Corporation (NYSE: XOM).

The DJIA is growing well forecast. Bulls increase the volume of trading, the bears remain passive. Dow Jones Industrial Average gained half a percent in the first half of the trading session today. The main game for the Dow index will not start today, but after the release of Chevron Corporation (NYSE: CVX) and Exxon Mobil Co (NYSE: XOM) reports.

This week will be rich enough in terms of macroeconomic statistics and publishing reports of American companies. Key data on the macro economy in the current week are indicators of the state of American consumers, data on the dynamics of orders for durable goods, as well as the publication of the first evaluation of the dynamics of U.S. GDP in the 2 nd quarter of 2010. Among the corporate records (more than 160 companies will report) will be published performance of several companies of the commodity sector (Chevron, ExxonMobil, US Steel, etc.), technology and consumer sectors (Coca-cola, Motorola, etc.). From a technical point of view of the S & P 500, if the snaps above the level of 1100 points, the next goal could be to the June maximum in the region of 1130 points. Dow Jones Industrial Average is at 10,476.99 mark, gaining +52.37 points (0.50%).

Anrey Torbinski
2010-07-26 15:07, Economics.

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