US equities dropped on weak news from Europe

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Source: Dukascopy Bank SA
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US stocks extended previous losses on Wednesday as market sentiment remained dampened by weak flesh PMI releases from the eurozone. An unexpected drop in German Ifo Business Climate Index also weighted down on global risk-appetite. At the same time, the Fed announced that it would continue its easing measures, thus limiting losses of the US equities. The S&P 500 Index inched down by 0.31% to end the session at 1,408.75. All but one sectors within the index fell. The only gainer was health c are industry, gaining 0.12%. Meanwhile, Norfolk Southern hit all railroad stocks. The company tumbled by 7.45% after reporting a 27% fall profits for Q3 amid weak coal prices. Meanwhile, Netflix sagged 11.87% as the firm lowered its forecast for the number of new subscribers. Dow Chemical advanced by 4.66% after announcing its restructuring plan. The firm plans to lay off 2,400 employees and close 20 manufacturing plants.

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Thu, 25 Oct 2012 15:59:48 GMT

S&P 500 Index

US stocks extended previous losses on Wednesday as market sentiment remained dampened by weak flesh PMI releases from the eurozone. An unexpected drop in German Ifo Business Climate Index also weighted down on global risk-appetite. At the same time, the Fed announced that it would continue its easing measures, thus limiting losses of the US equities. The S&P 500 Index

Thu, 25 Oct 2012 15:15:45 GMT

Coffee tumbled on favorable weather conditions in Brazil

Farm commodities were mixed on Wednesday amid stronger greenback and solid global equities. Uncertainty over whether Ukraine will impose export restrictions supported grain futures. However, dismal news from the eurozone and weakening demand for US supplies pushed the commodity group lower.Wheat was the top-gainer as concerns that Ukraine may limit exports persisted. However, solid US Dollar restricted an upward trend

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