US equities surged on easing speculation

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Source: Dukascopy Bank SA
US equities rose on Friday amid speculation that the Fed will loosen its monetary policy to boost growth. Moreover, an unexpected increase in the US durable goods orders in July lifted US stocks. However, absence of fresh measures from the ECB created pressure on the US shares. The S&P 500 Index gained 0.65% to end the week at 1,411.13. Nine out of ten industries included in the index moved higher. The largest gains posted telecommunications and consumer goods sectors. CenturyLink, Frontier Communications and Sprint Nextel surged 1.42%, 1.76% and 2.30%, respectively. Among consumer goods, Kraft Foods and Kellogg soared 1.43% and 0.63%. Meanwhile, Eli Lilly And Company added 3.44% announcing promising signs of possible treatment for Alzheimer's disease. At the same time, basic materials tumbled, with Airgas and Ball sliding 1.12% and 0.09%. The top-loser was Autodesk, sinking by 15.63% after reporting weaker-than-expected quarterly results.

 

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Mon, 27 Aug 2012 14:14:05 GMT

Dow Jones jumped by 0.77% on Friday

The Dow Jones Industrial Average Index advanced by 0.77% to close at 13,157.97 on Friday. The US blue chips were lifted by Ben Bernanke's comments regarding room for further action. Traders interpreted the comment as a sign that the Fed is likely to ease its monetary policy soon. All industries within the index rose. The best-performers were telecommunications and financials.

Mon, 27 Aug 2012 16:52:04 GMT

Wall Street turned lower on Friday

Wall Street turned slightly lower on Friday, as investors are getting more cautious about Eurozone's leaders will ability to handle region's debt crisis. The Dow Jones Industrial Average fell 0.1%, to 13,041.9; the Standard & Poor 500 Index edged 0.2% lower, to 1,399.54, while Nasdaq 100 futures lost 0.3%, to 3,042.89.

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