U.S. stocks rebound on Tuesday

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Source: Dukascopy Bank SA
U.S. equities edged higher after pairing their biggest loss this year on higher than expected profits. The S&P 500 index advanced 1% to 1,511.29 after slipping as much as 1.2% on Monday amid growing concerns about the European debt crisis. All ten groups in the benchmark gauge rose at least 0.2%. Computer Sciences Corporation jumped 9.2%, the most in the index, and led gains in the best performing technology sector that was 1.4% up after raising the company's profit forecast for this year. Furthermore, GameStop Corporation climbed 6.2% to $26.81 to pace an increase in the consumer services group, while Estee Lauder Companies rallied 6% to $64.71 after the Mac and Clinique cosmetics maker upgraded its earnings forecast for 2013 to $2.59 per share. Meanwhile, among worst performers was McGraw-Hill dropped 11% to $44.92 extending its yesterdays losses on announcement about a legal lawsuit that is seeking penalties of $5 billion for artificially raised credit ratings. Moody's Corporation declined 6.2% adding to its yesterday losses to cap further gains in financial shares.
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Wed, 06 Feb 2013 08:26:16 GMT

Dow Jones rallies on better than expected earnings

Most of the U.S. blue chips advanced on Tuesday rebounding from their decline earlier this week, as corporate profits topped the analysts' estimates and Dell Inc. decided to be taken private. Dell's CEO Michael Dell and Silver Lake Management LLC agreed on buying the PC maker. The Dow Jones Industrial Average rose 0.7%, or 99.22 points, to 13,979.30. All but

Wed, 06 Feb 2013 13:17:15 GMT

Wheat slumps as US stocks may be higher than forecast

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