Good news prevent collapse, Dow Jones Industrial climb to record levels by the end of trading

Dow Jones Industrial grows rapidly today

In brief: Dow Jones Industrial Average and Nasdaq Composite continues to spoil the mood of bears. U.S. stock market remains stable.

The DJIA adds point by point. The rise of Dow index looks confident amid rising stock of banking sector and the stability of industrial assets. Dow Jones Industrial Average gained +62.44 points (0.60%) due to Alcoa and Bank of America Corp. today. The DJIA is in the green zone and is 10,487.06 points.

In addition, quotes the second largest in the U.S. courier company FedEx jumped 5.6% after it raised its earnings forecast for the current quarter and year. Thus, the company expects profit for the quarter to the end of August will be $ 1.05 – $ 1.25 per share, although the previous prediction of 85 cents-$ 1.05 per share. It is expected that the profit for the year ending in May will be about $ 5.2 per share previously forecast $ 4,4 – $ 5 per share. Another industry United Parcel Service has added to its asset 1,8%. Construction companies have strengthened their positions in connection with the quite good statistics on sales of new homes. For example, Lennar shares added 3.7% of the cost, paper Toll Brothers and Pulte Group “fatter” at 2,8% and 4,7% respectively. Market capitalization of construction materials manufacturer Masco, who reported on the quarterly results after the close of trading, increased by 3,8%. Quotes of the biotechnology company Genzyme soared 7.8% as a result of the press information that the British pharmacist GlaxoSmithKline has made him “an informal proposal, but analysts believe a high probability that the buyer will become the French Sanofi-Aventis.

Igor Tringlers
2010-07-26 18:31, Economics.

News on: , , , , , , , , , , , , , , , , , , , ,

Post a comment