Dow Jones falls after the Christmas Holiday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© scanpix/AFP
U.S. blue chips finished sharply lower on Wednesday on mounting concerns over the final version of the U.S. budget deal and slumping retailers, as equity markets were closed for the Christmas Holiday. The Dow Jones Industrial Average fell 0.2%, or 24.49 points to 13,114.59. All but one sector out of nine inched lower with basic materials being the only gainer by adding 0.67%. Retailing sector was hurt the most, as Wal-Mart Stores declined 3.86%, Coca-Cola's shares lost 3.53% and Procter & Gamble erased 3.34% prompting consumer goods sector to fall the most by 0.79%. Furthermore, consumer services slid 0.59% and health care group shrank 0.22%. The losses in the latter group were triggered  by a 5.89% drop in the UnitedHealth Group's shares. The losses in financials sector were capped by Bank of America's shares that rallied 2.58%. In addition, information technology sector was supported by advancing stocks of Hewlett-Packard that were 0.79% up. Meanwhile, Basic materials added 0.67%, mainly led by a 1.28% increase in Alcoa's shares.

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Thu, 27 Dec 2012 12:50:38 GMT

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