TradersHuddle Dow's Update, In focus:MCD, DD, AXP, JPM, INTC

Published on Thursday, 08 July 2010 13:30 Written by Christopher Lynn

New York, July 8th (TradersHuddle.com) - The Dow Jones Industrial Average is higher trading at 10086, which represents 0.68% versus its previous trading session close. The blue chip index is having a good day with 23 Dow components trading higher.

McDonald's (NYSE:MCD) is the Dow's top performer this morning with the stock trading at $68.58 representing 1.89% versus the previous trading session. Shares of McDonald's, the largest restaurant chain in the world have defined support at $65.31 and resistance at $70.58.

Dupont (NYSE:DD) is also among the top performers early in the trading session, trading at $35.9 representing 1.84% from its previous close. Dupont, the life sciences company has calculated support and resistance levels at $33.73 and $39.20 respectively. The other top performer this morning is American Express (NYSE:AXP), which is trading at $41.66 representing 1.24% from the previous trading session.

The Dow's worst performers include JP Morgan (NYSE:JPM) that is trading at $37.68 or -1.23% from the previous close. Shares of JP Morgan, the second largest U.S. lender have defined support at $35.16 and resistance at $39.64. Also among the worst performers we have Intel (NASDAQ:INTC), which is trading at $19.97 representing -0.87% from the previous trading session.

Benchmark crude for August delivery is also trading higher at $75.18 a barrel on the New York Mercantile Exchange higher by $1.11 from the previous trading session.

The Dow is underperfoming the S&P 500 but is pretty much equal with the NASDAQ composite. The S&P 500 is currently trading at 1065.16, which represents 0.46% from previous close, the Nasdaq on the other hand is trading at 2163.71 that represents 0.2% from previous session.