S&P 500 index 0.8% up on Friday

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Source: Dukascopy Bank SA
S&P 500 index advanced on Friday as investors incorporated into prices speculation about rescue of Spanish banking system. US benchmark index gained 0.81% or 10.67 points and finished at 1,325.66. Nine of ten industry groups in the S&P 500 posted gains. Only energy shares weakened as, energy prices faded. The main gainer for the index was cell phone provider Sprint Nextel which jumped 8.8%. On the downside Exelon Corp fell 3.9% and United States Steel gave up 3.8%. 

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Mon, 11 Jun 2012 09:57:36 GMT

Dow Jones Industrial Average 3.6% up for the week

Dow Jones Industrial Average closed higher on Friday, supported by hopes that European leaders will be able to tame Spanish banking turmoil. Blue chip index added 0.75% or 93.24 points and settled at 12,554.20. 26 out of 30 stocks finished into green area. Wal-Mart Stores rallied most in the Dow, gaining 3.6%. Other major retailer Home Depot ascended 2.2%. On

Mon, 11 Jun 2012 08:39:35 GMT

Wall Street jobs threatened by Greek uncertainty

The Wall Street earnings from trading and investment banking at US companies my shrink for a third straight year reaching even a 30% drop compared to first quarter, Richard Ramsden from Goldman Sachs predicted on Monday. Greek crisis has had a negative impact on trading volumes. Moreover Wall Street companies are likely to reduce bonuses and jobs amid European uncertainty. 

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