AT & T Inc. (NYSE: T) shares continue to decline towards 26.97 points, losing -0.31 (-1.14%). Bank of America Corporation (NYSE: BAC) shares slide to downtick of 13.08 points, losing -0.24 (-1.80%) at the end of trading session.
U.S. biotechnology company Amgen Inc. (NASDAQ: AMGN) has published data on the profit for the second quarter of 2010, surpassed expectations of analysts. It Amgen said that the launch of a new drug for the treatment of osteoporosis Prolia passes under the planned scheme.
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.
Roche Holding AG, the world’s largest producer of cancer drugs, said about 58 per cent increase in net profit in the first half.
The level of support from the bulls for Dow Jones Industrial Average began to grow. Losses Dow index were played back, the overall losses are -60.99 points (-0.62%). DJIA is 9,713.03 points. Among the leaders of falling U.S. stock market is worth noting: the securities representative of the biotechnology industry Dendreon fallen by 10,8%, after it became clear that the government agency The Centers for Medicare and Medicaid Services require the Company to disclose data on the effect of its drug to treat cancer Provenge prostate on the patients.
Dow Jones Industrial Average was replaced by a red zone on growth. Bulls drove the Dow index literally in the green zone and supported the U.S. stock market with high trading volumes. At the time Dow Jones Industrial is located near the level of 10,400 points. At the same time, hopes for growth look quite bleak.
Dow Jones Industrial fell a second consecutive session. The overall negative market very negative impact on the index of blue-chip Dow Jones Industrial Average. On Monday, June 7, the U.S. stock market showed a negative trend. If the first session, the index rose on a background of positive statistics on manufacturing orders in Germany, under the veil of trades lost much of their positions because of negative news emerging in the banking sector.
Dow Jones Industrial Average suits on the market these swings. Dow Jones Industrial began rising in early trading and fell sharply by mid trading session. On Monday, June 7, the American stock market in the first half of the trading session behaves quite controversial – in early trading was an allusion to growth, then the market has become a moderate retreat, and later bulls seized the initiative again. In early trading the indices grew up on a background of positive makrostatistiki from Germany, where for the second straight month significantly increased production orders – market took this as a sign of not such a disastrous state of affairs in the real economy in Europe, the debt crisis of the oppressed.
Dow Jones Industrial Average started the new marathon of growth thanks to the positive statistics and the uncertain action bears. Stock trades in the U.S. opened on June 2 after the rise of the leading indicators of sales in the previous session. At the time the Dow Jones index rose by +117.67 (1.17%) – up to 10,141.69 points, the index S & P – on 6.92 points (0.65%) to 1,077.63 points, the index of Nasdaq – by 13.22 points ( 0.59%) and amounted to 2,235.55 points. Positive effect on market participants now have a statement of central banks of Brazil, India, South Korea and Japan that financial institutions do not intend to abandon the euro in its reserves management strategies, despite European debt crisis.
Dow Jones Industrial Average has an opportunity to play a big minus, which has grown over the past trading days. Now Dow Jones is a mark of 10,127.56 points. Growth Dow Jones index exceeded 1%. As a result of trading on June 1 2010. Dow Jones index dropped by 112.61 points (-1.11%) – up to 10,024.02 points. Similar dynamics of quotations has been associated primarily with an external negative background and geopolitical tensions: adversity persists on the Korean peninsula and the Middle East. Earlier it was reported that the Israeli Air Force planes have been attacking the Lebanese military during a reconnaissance mission over Lebanon.