June last week is very good for US stocks market. Dow Jones closed July 1st week as the best week in last two years. We are seeing increase in NASDAQ index for many companies. The increase was helped by the manufacturing data that eased the concerns about slowing growth.
Google NASDAQ index increased from 474 to 521 in last week of June. This is 10% growth in the last one week.
Similarly we are seeing steady growth for BMC. It was at at 51.64 on July 24th. From there it moved to 22.79 on July 1st. CA improved by 7% in the last week. HP growth is 6% in the last week. Apply up by 5%. The CISCO has gone up by 6%. It was performing very poor in the last few months.
Solarwinds index steadily increasing in the last one year. The price was low at 12.42 in July 2010 and it is increased to 25.92 in July 1st 2011. This gives the hope that this year the market will recover in the second half.
Saravanan
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