As if to commemorate the Labor Day, the long-awaited report has brought some optimism in the U.S. labor market somewhat lessening fears of a repeated national economy recession. With the exception of the agricultural sector, the employment level fell by 54 thousand jobs, with almost double figure predicted earlier.
Thursday, October 2, the principal Asian markets, with the exception of Indonesian and Thai markets, closed in green. According to yesterday’s data, the ISM index grew in July from 55.5 to 56.3 points, surpassing analysts’ forecast of a decrease towards 53 points.
Today’s trading at major U.S. stocks began with a confident growth of Dow Jones Industrial Average along with the other indexes. The DJIA grew 0.97% or 9,780.34 points from the beginning of the trading. The S&P followed, increasing also 0.97% or 1,032.49 points, the Nasdaq rose 1.5% or 2,123.38 points.
Dow Jones Industrial and NASDAQ continues to fall against the background of general negativity and bad statistics. Dow Jones Industrial Average lost their last foothold after the release of negative statistics. Dow Jones is on the verge of another collapse at the level of 9,661.49 points. DJIA lost over 112 points (-1.15%).
S & P-500 is another weak one at the U.S. stock market. On Wednesday, the U.S. stock market fell again. At this time, the average loss index was about 1% on news that ratings agency Moody’s has placed the sovereign rating of AAA of Spain to the list for a possible fall. Data from ADP also brought optimism to the market, showing growth in the number of jobs in the private sector of the U.S. in June, only 13000, the forecast increase of 60000. And finally, the curtain of the trading session selling intensified when speculators managed to press through the index S & P-500 below the level of 1040, which technically opens the way for further reduction in the range 950 – 850 points.
Bears at the time had gone to bed. Mixed dynamics of the market remains, but the Dow Jones Industrial Average strive to reach the 1.5% growth. Plus, the index remains. Now Dow Jones Industrial approached the mark of 10.135 points. Growth Dow index is equal to +109.13 points (1.09%). Statistics from the U.S. continues to do quite positive, but the market reaction is not always straightforward.
Dow Jones can not show positive results in today’s trades. Level of support from the bulls remain weak for the Dow Jones Industrial Average. Meanwhile, there are factors that can support the growth of Dow index. Activity in the U.S. manufacturing sector grew in May, the 10th consecutive month, ISM index of manufacturing activity fell to 59.7 PCT. against 60,4 PBC. In April, the highest level in nearly six years. Nevertheless, the employment component reached 59.8 against 58.5 the previous indicator, supporting the positive outlook for employment levels.
Dow Jones Industrial Average is a potential leader of growth on the world’s stock trades on the week. Dow Jones surprised the bear resistant to the negative data of international statistics. Stock trades in the U.S. on June 1 2010. approached the second half of trades mainly with the increase of leading indexes against the backdrop of favorable statistics. Investors are closely watching the developments in the national economy. Today the U.S. Department of Commerce provided data on the amount of construction costs in the U.S. in April 2010. The index rose by 2,7% compared to the revised rate in March and amounted to 869.1 billion dollars. Meanwhile, analysts expect that this figure will not change.
Dow Jones Industrial Average had been attempting to escape from the negative zone. An attempt was quite successful. Tuesday, June 1, the major indexes of U.S. stock market in the first half of the trades showed predominantly negative trend. Several strengthen its position was only indicator Dow Jones Industrial Average. News from Europe and China are today the main source of the negative, while the U.S. macroeconomic performance exceeded the expectations of analysts.
Dow Jones slowly goes up. The construction sector has provided considerable support to the U.S. Dow Jones index. After the first wave of falling Dow Jones Industrial Average in early trading, began a slight increase in the barometer of blue chips.