US blue chips rose on encouraging labour market reports

Note: This section contains information in English only.
Source: Dukascopy Bank SA

US blue chips climbed on inspiring US data releases. Market sentiment was boosted by positive reports from US labour markets and services sector. Meanwhile, investors await key jobs market data due on Friday. The Dow Jones Industrial Average Index gained 0.09% to lose at 13,494.61. Six out of nine sectors included in the index climbed. The biggest gains posted telecommunications and consumer services. AT&T and Verizon Communications advanced 0.95% and 0.92%. Financials also moved higher, with Bank of America and American Express gained 2.02% and 0.38%%. At the same time, oil and gas firms and technology dragged the US blue chips index lower. Chevron and Exxon Mobil tumbled 1.54% and 0.02% amid weak energy prices. Among technology companies, Hewlett-Packard was the worst-performer, plunging 12.96%. The company's CEO Meg Whitman said that profits are expected to drop more than 10% in 2013.


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