Dow Jones Industrial Average close to a mark of 10.358 points, accumulating the necessary +36.25 points (0.35%). Bulls continue to provide support for the Dow index on low trading volumes. American Express Co., Bank of America Corp. and Travelers Cos Inc. continue to decline. Alcoa Inc loses 0,462%, but the Dow index continues to refrain of collapse.
Another great deal hadn’t finished. The Portuguese Government has used its veto to block the proposal, a Spanish company Telefonica in the amount of 7.15 billion euros ($ 8.72 billion) to buy a stake in Portugal Telecom the largest mobile operator in Brazil Brasilcel.
Dow Jones Industrial Average could not resist bull trend because of the negative trading began in Europe and poor statistics in the Eurozone. Problems of the Chinese economy also does not give U.S. investors a good mood. Bears are most likely taking aim at the new assault on Dow Jones. Stock trades in Europe on June 2nd 2010 opened in negative area. There is a reduction of leading indices, that reacted to bad news from Japan and the USA. At the Tokyo Stock Exchange Investors sold shares today hastily, anxious statement Japanese Prime Minister Yukio Hatoyama’s resignation.
Dow Jones Industrial Average is falling. The trading volume of the market fell sharply. Experts are sounding the alarm. Monday, May 24, major indexes of the American stock market in the first half of the trades have shown mixed dynamics. Note that the Spanish government has supported a small local bank CajaSur, morphed into rumors of significant problems experienced by other representatives of the European banking system, and upset investors around the world. Nevertheless, the published data on the U.S. housing market and the recommendations of analysts for securities representatives of high-tech sector pulled the indicators S & P500 and Nasdaq from the “red” zone.