Dow Jones Industrial Average lost the last chances for growth, bulls are in panic
Friday, July 16th, 2010DJIA is at 10,143.99 points mark. Losses for the Dow Jones Industrial amounted -215.32 (-2.08%). The negative macroeconomic statistics and falling sales of large banks moved the market in the red zone. The Americans have no confidence in the future, as evidenced by a sharp decline the prior index of consumer confidence in the University of Michigan: the index fell to 66.5 points from 76 points in June. At the same time, purified the consumer price index rose by 0,2% in June, surpassing forecasts by 0,1%. With respect to bank reporting, then, despite the fact that she was better than expected, banks still fared poorly compared to last year.