The Dow Jones Industrial Average continues to bid on the verge of the green and red zones. Bulls aren’t attempting to increase the volume of trading against the background of lack of important data.
Intel Corporation has agreed to buy antivirus software maker McAfee, Inc. (NYSE: MFE) for $ 7.68 billion by cash. Thus, Intel will pay $ 48 for each paper McAfee. The bulls are going to buy McAfee shares.
AT & T Inc. (NYSE: T) shares rise to 27.19 points, winning with Bears +0.22 (0.82%). Intel Corporation (NASDAQ: INTC) is close to 19.61 points, gaining +0.08 (0.41%).
Today’s statistics have not added confidence to investors today. Despite a lot of negatives, the U.S. stock market goes up gradually. Bulls increase trading volumes moderate, expensive technology sector.
The Dow Jones Industrial Average traded in the green zone, in spite of the major blue chips today’s loss. The Dow Jones Industrial approached the boundary zone – 10.315 points, and may lose foothold.
The DJIA is going down, losing -231.06 points (-2.17%). Intel Corporation (NASDAQ: INTC) is at the mark of 19.37 points, losing -0.45 (-2.27%) today. At the same time, Intel Corp. remained stable until the last moment. Intel (NASDAQ: INTC) shares met our expectations in the first half of July – technical correction is stopped, the price rose above $ 22. However, the bulls’ enthusiasm will not last long, and from mid-Intel shares again came under the sale.
General Electric Company (NYSE: GE) is a mark of 16.43 points, gaining a slight plus – 0.02 (0.12%). Intel Corporation (NASDAQ: INTC) is in the red zone and is 20.78 points, losing -0.36 points (-1.73%) since the beginning of stock market trading.