The DJIA tends to a new record, Alcoa Inc. (NYSE: AA) can withstand a bear attack

The Dow Jones Industrial Average close to + 0,3% in the green zone

In brief: The Dow Jones Industrial Average goes up as Alcoa Inc. (NYSE: AA) reacts to the metal prices are high.

The Dow Jones Industrial Average continues to the U.S. stock market trading in the green zone. The DJIA rose to 10,681.72, gaining +28.16 (0.26%) after falling on Friday. Alcoa Inc. (NYSE: AA) is growing from the start bidding.

Investors oppose the U.S. Department of Labor Report: data on employment in the non-farm sector of the country (non-farm payrolls) were worse than analysts’ forecasts, serving as another indication of the weakness of the labor market. Meanwhile, support to the market today, providing news from the commodity exchanges, which posted an increase in metal prices (the price of copper rose for the first time in three days), which, in turn, promotes the growth of quotations in the mining sector, including aluminum giant Alcoa Inc. (NYSE: AA) + 0.35% and mining copper, Freeport McMoRan Copper & Gold (+0,12%). Also today, more expensive oil, that have a positive impact on the securities ExxonMobil (+0,8%) and its competitors Chevron (+0,55%) and ConocoPhillips (+0,56%), as well as shares oilfield Shlumberger (+ 1%) and Halliburton (+0,4%).

Anrey Torbinski
2010-08-09 17:42, Economics.

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