Thursday, October 27, 2011

DJIA: Upside Target Near 12292

Wall Street recap: Dow Jones up 162 points on news of China’s investment in EFSF
The Dow Jones rose more than 160 points in the early session following better-than-expected Sept durable goods orders and new home sales, approval by German lawmakers of leveraging the euro zone's emergency bailout fund coupled with Boeing results.

However, the index slipped to negative territory in the afternoon amid uncertainty about the outcome of a key meeting among European leaders until positive news that China would invest in European Financial Stability Facility (EFSF) drove the Dow Jones 162 points higher to close at 11869.

Daily DJIA: Upside Target Near 12292 Amid Bullish Breakout From The Box


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