US stocks closed lower on GDP data

Note: This section contains information in English only.
Source: Dukascopy Bank SA
US stocks tumbled after the data showed the US economy unexpectedly shrank by annualized 0.1% in Q4 in 2012, compared with a forecast of 1.1% expansion. However, strong labour market numbers and the Fed's decision to leave its monetary policy loose limited losses of the US equities. The S&P 500 Index lost 0.39% to end the session at 1,501.96. Only one in ten sectors managed to inch up. The only gainer was utility sector, with Cms Energy and Dominion Resources advancing 0.43% and 0.29%. At the same time, industrials and oil and gas sectors were the top laggards. Cummins and General Dynamics dropped 0.46% and 1.18%. Among energy companies, ConocoPhillips dipped 0.92% after announcing a 58% fall in Q4 earnings amid weak commodity prices. However, some energy stocks witnessed gains. Phillips 66 Common Stock rose 1.47% after reporting upbeat quarterly results. The firm's profits reached USD2.06 per share on adjusted basis, compared with market consensus of USD1.67 per share.
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.