The sharp gap up occurs at the end of trading as DuPont (NYSE: DD) continues to hold the DJIA in the green zone

Dow Jones Industrial Average: EIdu Pont de Nemours and Company is becoming a major blue chip of the day

In brief: Dow Jones Industrial Average continues to move volatile as EIdu Pont de Nemours and Company (NYSE: DD) is gaining more and more.

The DJIA will rise sharply in late trading today – according to analysts. U.S. stock trading opened higher leading indexes. The focus of investors today are still corporate news. EIdu Pont de Nemours and Company (NYSE: DD) started to grow very rapidly in the background of good reports. Dow Jones Industrial Average gaining nearly 0.35%, but stopped growing and fell to 10,540.46 points, gaining +15.03 (0.14%).

Thus, quotas on U.S. trading floors are growing after good financial results, demonstrate to the American military-industrial corporation Lockheed Martin and chemical company EIdu Pont de Nemours and Company (DuPont). The first reported on the growth of net profit in II quarter of 2010. 12,3% – to 825 million dollars against 734 million dollars for the same period a year earlier. As for DuPont, the company submitted a financial report according to which the net profit attributable to shareholders of the parent company in the I half of 2010. increased by more than 2 times – up to 2.29 billion dollars compared with the figures laid down in the I half of last year, amounting to 905 million dollars Stocks Lockheed Martin and DuPont went up by 1,7% and 5,2% respectively .

Meanwhile, the financial report of the American oil company Occidental Petroleum Corp. could not justify the expectations of analysts, despite the fact that net profit rose Occidental Petroleum in the II quarter of 2010. 1,5 times – up to 1.063 billion dollars compared with that of 2009. of $ 682 million dollars at the opening of the trading session the company’s shares have lost in the price of 1,5%. Another energy company, Valero Energy Corp. today announced financial results for the II quarter of 2010. Net profit of the largest U.S. independent oil company for the quarter amounted to $ 583 million against net loss of $ 254 million dollars received for the same period a year earlier. At the opening of trading shares of Valero Energy Corp. rose in price 2.5%. At the same time, investors continue to monitor and developments around the British energy company BP (whose shares are traded on the New York Stock Exchange). Today it became known that the executive director of the British oil giant BP, Tony Hayward, will retire on Oct. 1 2010. T. Hayward, will take place 54-year-old Robert Dudley, head of the joint Russian-British venture TNK-BP to 2008. At the same time, the company today introduced the financial report according to which net loss of British oil and gas group BP Plc. in the I half of 2010. reached 10.86 billion dollars against the net profit for January-June 2009. amounting to 7.02 billion dollars, amid news the company’s shares went up only slightly (0.13%). Stocks BP, traded on the NYSE, have fallen in price on 1,5%.

Ukrainian Globalist
2010-07-27 18:51, Economics.

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