The DJIA continues to decline, despite of General Motors earnings

The Dow Jones Industrial stays red

In brief: The Dow Jones Industrial Average continues to give warning signals bulls. Blue-chip index started trading about flat.

The Dow Jones Industrial Average lost 2.5% yesterday. Dow index starts trading approximately 10,378.83 points. Meanwhile, General Motors quarterly profit reached a maximum value for six years.

General Motors has published data on the largest in six years of quarterly profits. It is reported that net profit in the second quarter totaled $ 1.3 billion compared with $ 865 million for the previous three months. At the same time revenue increased to $ 33.2 billion compared with $ 31.5 billion in the first quarter. It should be noted that the quarterly results reflected a 47% increase in production compared with the low result of a year earlier, as well as reduce costs and increase sales in overseas markets, especially in China.

Igor Tringlers
2010-08-12 13:07, Economics.

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