Friday, July 15, 2011

DJIA Is Continue To Consolidate

Wall Street recap: Dow declines 55 points after surging 90 points intraday
The Dow jumped as much as 90 points intraday as JP Morgan results topped estimates and lower weekly jobless claims.

However, the gains were erased as Fed Chairman Ben Bernanke backed off hints of additional near-term stimulus could be on the way. Ahead of the 2 August debt ceiling dateline, Bernanke also warned Congress to raise the debt ceiling as part of a “strong, credible” debt deal, with action coming “the sooner the better, as a default could trigger a catastrophe and severely damage the U.S. or global economy.

After the bell, Google shares prices rose following better-than-expected results.

Daily Dow Jones Is Continue To Consolidate
DowJones15-07-2011


Source: StockCharts.com

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