On Thursday, July 26, US trading grounds closed with a plus. Dow Jones has risen to 12887.93 points, which is plus 1.67 percent, S&P 500 has risen by 1.65 percent, to 1360.02 points, Nasdaq Composite has amounted to 2893.25 points – plus 1.37 percent.
The growth of American stock indexes has been caused by a number of factors. First of all, positive macroeconomic statistics and news from eurozone. On Thursday the President of European Central Bank Mario Draghi stated that the institution will take all necessary measures to maintain euro rate and strengthen the country’s economy, which is what many investors count on. Resulting from this, yield of Spanish bonds has dropped, as ECB can buy out securities of problematic countries.
US macroeconomic data has been positive. The number of unemployed has dropped to 353 ths., whereas analysts were certain that the number would amount to not less than 380 ths. Many leading companies have also increased their profit. Negative results have been received by Dow Chemical Company, Visa Inc., Colgate-Palmolive Company, and Zynga.
It is hard to predict the direction of short-term trend of Dow Jones index, as despite the fact that today it has opened with a rising trend, it remains within the short-/mid-term flat 14279.15 – 13752.36, as explained by the experts of Masterforex-V Academy. Meanwhile, mid-term trend remains rising.
