Concerns over "fiscal cliff" cap gains in the Dow Jones industrial Average

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The U.S. Blue chips  inched lower as the Fed's plan to buy $45 billion a month of Treasury securities needs to be supported by a budget deal to halt the "fiscal cliff". The president aims to reach a deal with Republicans , by lowering  his tax increases' demand from $ 1.6 trillion on Tuesday to $1.4 trillion yesterday. However, the Republican and Democrats  have not agreed on whether to include a rise in the debt limit and other programs to support to stimulate the economy.

The Dow Jones industrial Average fell 0.02%, or 2.99 points,  to 13,245.45. Four out of nine sectors shrank with Consumer services and Technology slipping the most by 0.75% and 0.39%, respectively. Walt-Mart Stores extended their losses and dropped 2.75% still trying to fight back the allegations from Indian government regarding its lobbying practices. Meanwhile, Basic Materials and Industrials Telecommunications sectors gained the most, as Basic Materials and Telecommunications edged 1.11% and 0.88% higher.The Chemical maker El DuPont Co. rallied 1.4% to $44.30, after it announced a share buyback and pledged the earnings will be at the high-end of the company's forecasts. 


Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.