Dow Jones prediction june 1 2012

Dow Jones prediction june 1 2012, down jones futures 1/6/2012 : Declines were seen across the board in the US on Thursday, capping a rough month in which all three of the major indices suffered a six per cent or higher fall. The Dow Jones lost 6.2% during the four week period, its worst for two years.

Thursday's losses were attributed to a number of economic indicators which came in below expectations, the most significant of which was the downwards revision of first-quarter gross domestic product growth to 1.9% from 2.2% on an annualised basis.

The US private sector added fewer-than-expected jobs in May, according to payrolls processor Automatic Data Processing (ADP).

Some 133,000 jobs were created in the private sector this month, ADP said, while April’s reading was revised lower from 119,000 to 113,000. The consensus estimate was for 150,000 new jobs to be added.

Data from the Labor Department worsened the mood, with the agency saying first time jobless claims increased by 10,000 to 383,000 last week. Continuing concern over the European debt crisis also put pressure on stocks.

Today's support:
12375.80 (main), where a delay and correction may happen. Break of the latter will give 12356.12, where correction also can be. Then follows 12341.22. Be there a strong impulse, we shall see 12318.72. Continuation will bring 12301.80.

Today's resistance:
12507.37, 12566.25, 12610.20 and 12656.06(main), where a delay and correction may happen. Break would bring 12682.24, where a correction may happen. Then follows 12743.80, where a delay and correction could also be. Be there a strong impulse, we'd see 12791.20. Continuation would bring 12823.35.

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