Dow Jones Achieves New Record

The Dow Jones index leaped 0.6 percent, to 13,136 points.

The prices of the American blue-chip shares achieved new gains on Tuesday, while the Dow Jones index achieved a new record, following the report on the unexpected growth of industrial production in the U.S.A. and the surprising offer for the takeover of Dow Jones & Co, worth five billion dollars. 

The Dow Jones index leaped 0.6 percent, to 13,136 points. Simultaneously, Nasdaq grew 0.3 percent, to 2,532 points. The S&P index grew by the same amount, finishing its exchange at 1,486 points. 

The offer of the company News Corp., owned by billionaire Rupert Murdoch, for the media company Dow Jones that publishes the Wall Street Journal has incited the leap of Down Jones prices by as much as 54 percent, showing that there was still room for growth on the stock market. However, the News share grew 4.2 percent weaker.

The offer for Dow Jones could affect the whole market. “The Dow Jones deal could have broader implications in the sense that the stock was that undervalued and that they had to bid it up 20 points. People may think there are other corporations that are that undervalued," said Todd Clark, director of stock trading at Nollenberger Capital Partners. 

The price of other stock in the media sector also immediately grew. New York Times shares grew five percent and USA Today publisher Gannett’s share grew almost two percent. 

Big industrial manufacturers, including Honeywell and Caterpillar, have also chalked growth of share prices after the American institute for supplies had reported on the growth of activities in the industry in April to the highest level in almost the last year and above economists’ expectations. The ISM index grew to 54.7 points after the 50.9 index points registered in March. 

Among those who benefited, the Real Media share stands out. The company for online advertising became 20.3 percent more expensive after the announcement that Microsoft had expressed interest in buying it. 

At the London stock exchange, Ftse index dropped 0.5 percent, to 6,419 points, following the decreased trade volume as a result of the holiday in Asia and most of Europe, because of which the stock exchanges did not work. The Frankfurt stock exchange was not open on Tuesday. The DAX  index finished trade operations at 7,409 points, having grown 0.4 percent stronger.