The DJIA continues to grow with confidence after the U.S. began trading the stock market today. Dow Jones Industrial Average gained +193.38 points (1.85%), rising to the level of 10,659.32 points. Alcoa Inc. (NYSE: AA) is 11.56 points, taking +0.39 (3.49%).
Dow Jones Industrial Average goes into the red zone against the background of the fall of The Boeing Company (NYSE: BA) shares. DJIA shows no signs of life and trading volumes are reduced. Poor records and reports do not provide Dow Jones Industrial rise above. Conference Board released a report stating that the index of consumer confidence in the country in July 2010. decreased compared to the previous month at 3.9 points and totaled 50.4 points, which did not meet analysts’ forecasts.
The US stocks jumped quickly to the green zone today due to the good corporative news and the financial reports of companies from the Dow Jones index that exceeded analytics expectations. The DJIA grew 2.08%, the S&P 500 followed, rising 2.33% and the Nasdaq increased 2.51%.
According to Michael Ferol, chief economist at JPMorgan Chase in New York, the launch of the new Fed program to quantitative easing in the U.S. in the near future is unlikely. “From the minutes and the FOMC that, despite the likelihood of maintaining a high level of unemployment in the next two years, a further incentive, the economy may not be needed.
The beginning of today’s session at the leading U.S. stocks was marked with the slight decrease in the Dow Jones Industrial Average and the other U.S. indexes. During the first minutes of the trading the DJIA and the S&P 500 fell 0.19%, followed by the Nasdaq that lowered 0.25%.
The increase of the Dow Jones Industrial Average along with the other leading U.S. indexes is expected during the first half of today’s trading at the U.S. stocks. The quarterly repost of the JPMorgan Chase bank that was published today before the beginning of the trading appeared to be better than predicted. According to this report, the bank’s net profit for the second quarter of the year was $4.8 billion (+76% compared to the second quarter of last year) or $1.09 per share.
Despite the fact that the macroeconomic statistics turned out to be negative the Dow Jones Industrial Average along with the other U.S. indexes futures keep demonstrating confident growth from the very beginning of current session. During the premarket the Dow Jones index futures increased 0.62%, the S&P 500 grew 0.84% and the Nasdaq rose 0.88%.
Today’s trading at the U.S. stocks opened with the prominent increase in the Dow Jones Industrial Average along with the other stock indexes. The DJIA increased 0.56% to 10,074.54 points, the S&P 500 rose 0.47% to 1065.28 points and the Nasdaq grew 0.63% to 2,173.16 points as the session began. Such positive dynamics continues due to the data from the labor market that appeared to be significantly better than predicted.
Today’s session at the leading U.S. stocks opened with a small increase in stock indexes as the Dow Jones index increased +133.74 (1.37%), the S&P rose 0.1% and the Nasdaq grew 0.2.%. Just before the beginning of today’s trading the prices for raw materials grew rapidly, leading to the shift of investor’s moods. By the beginning of the session the oil quotations rose more than 1%, overcoming $72 per barrel. DJIA is 9,877.36 points at the moment.
Alcoa leads Dow Jones Industrial to grow today. The level of support from the Bulls surged to Dow index. DJIA reached the mark of 9,751.68 points, gaining +65.20 points, or 0.67% during today’s trading. But we should admit, that the last 30 minutes we see a setback because of the uncertain behavior of medium-sized companies in the DJIA index.