Wuhan General Group China Inc. (NASDAQ: WUHN) shares dropped to1.31 points, losing -0.08 (-5.75%). ArcelorMittal (NYSE: MT) shares rose
to 30.42 points, gaining +0.73%).
Metals prices are rising. Alcoa Inc. (NYSE: AA) began trading with 10.64 points and can gain about 1% by the end of the day. BlueScope Steel Limited (ASX: BSL) is about 2.39 points, gaining 3.02% today.
ArcelorMittal SA, largest steel company all over the world, said that the jump in sales and price increases helped it to generate a profit of $ 1.7 billion in the II quarter. The company stated that it intends to sell the unit for the production of stainless steel.
Alcoa Inc. (NYSE:AA) finds a foothold today amid rising prices for aluminum. Increased production of aluminum has led investors to buy Alcoa Inc. shares. Dow Jones Industrial Average was at 10,486.64 points. The DJIA managed to dial +62.02 points, or 0.59% over today. FedEx Corp. rises well.
U.S. stock market continues to surprise analysts, stability and confidence rise of the second week in a row. The DJIA adds about 0,6% as The Home Depot, Inc. shares climb high. Dow index approached the 10,500 mark, picking up +59.26 points (0.57%). Dow Jones Industrial Average was 10,483.88 points at the moment. The Home Depot, Inc. (NYSE: HD) shares of the world’s largest retailer of products for home improvement, have added to the price of +0.63 points (2.23%). The Home Depot, Inc. of 28.88 points.
Demand for steel is growing, stell prices climbs higher. Japanese steel makers rejoice as the metals market. Steel prices could rise to record levels by the end of 2010.
Dow Jones Industrial Average reached a record level today. Dow index was 9,862.07 points. The level of growth Dow index has exceeded 118 points (1.22%). Support for the U.S. stock market have oil prices rising since the beginning of trading. Against this background, in the black traded securities of energy companies in the U.S.. In particular, the quotations of oil giant ExxonMobil have grown up on 0,57%, while its competitors – ConocoPhillips and Chevron – to 1,67% and 0,53% respectively.
DJIA trying to play back all the past losses last week. Dow Jones Industrial Average started trading with strong growth with the overall positive market, buyers are on long positions and today may result in serious success. Stock trades in the U.S. opened on July 6 2010. increase in leading indicators. After the failed before the trading session in connection with the celebration of the country’s Independence Day, USA Today among players dominate the positive mood following upward dynamics of the markets of Europe and Asia. Also, today is also not expected publication of important statistics has, may have a significant influence on the course of bidding.
Dow Jones Industrial Average index is the most vulnerable in the global stock market. Dow Jones Industrial dropped to mark 9,910.21 points, losing -228.31 (-2.25%). So, the stock trades in the U.S. opened on 29 June 2010. the fall of leading indexes. On the mood of the players today to tell a message that the index Standard & Poor’s / Case-Shiller, reflecting the cost of housing in 20 U.S. metropolitan areas, in April 2010. increased by 0,8% on a monthly basis. At the same time in the past six months, this figure decreased. The rise in prices, analysts said, reflects the desire of the “buy” property in the country until the termination of tax benefits for housing, expired in late April 2010.
Dow Jones Industrial Average looks to the stock markets in Europe and began to grow steadily. The resistance to bear attacks on the Dow Jones took place in early trading today. At the time Dow index close to the level of 10,538.69 points +88.05. Today’s session at the leading European markets is strong growth in stock indices. Amid rising prices for metals are the best performing stocks of mining and metallurgical companies. Noticeably better than the market traded as securities automakers. FTSE 100 rose 1.05%, German DAX 30 – on 1,25%, French CAC 40 – at 1.52%.