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FX.co ★ The US stock market for 08/07/2010

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Forex Analysis:::2010-07-09T12:00:00

The US stock market for 08/07/2010

The US stock indices leveled up on Thursday trading in a positive zone the 3d sequent day. More significant than expected reduction of jobless claims and the retails sales in the USA pushed the the retail shares. Dow Jones Industrial Average rose by 120,71 points or by 1,20% to 10138,99. For the last 3 days the index gained 4,67%, demonstrating the most substantial 3-day uprise which was seen on May 12 last time.
Nasdaq Composite index ticked up by 15,93 or by 0,74% to 2175,40. Standard & Poor's 500 index took more 9,98 or 0,94% reaching 1070,25. All components of S&P 500 closed on Thursday in a positive zone, and the shares of manufacturing and consumer sectors were the growth leaders. A lot of Dow components which showed an uptrend are related to the consumer expenditures. McDonald's shares soared by 1,71 or by 2,5% to 69,02. American Express shares rose by 97 cents or by 2,4% to 42,12, while Coca-Cola shares moved up by 95 cents or by 1,9% to 52,42.
The share upturn was caused by the data showing the greatest annual advance of the retail sakes since March. The investors mood also improved the data demonstrating higher reduction of the jobless claims in the USA.

The US stock market for 08/07/2010

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