Dow slumped on employment data, eurozone's recession

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/AP
Dow slumped on disappointing signals from the national economy. US unemployment claims jumped much more than expected last week. Weak manufacturing data from Philadelphia-region also weighted down on the US blue chips. Moreover, the eurozone's economy fell back into recession last quarter, dampening global risk sentiment. The Dow Jones Industrial Average index dropped 0.23% to close at 12,542.38. Four in nine sectors within the index advanced. The top-gainers were industrials and financials. 3M and Caterpillar climbed 0.81% and 0.25%, while Bank of America and Travelers Cos rose 1.22% and 0.37%. Meanwhile, Cisco Systems continued its winning streak after the firm reported an 18% increase in earnings last quarter. Cisco Systems added 1.59%. Dragging the US blue chips index lower, telecommunications and consumer services declined 1.21% and 1.17%. Verizon Communications and Wal-Mart Stores sagged 1.28% and 3.63%.


Back to articles

Actual Topics

Fri, 16 Nov 2012 12:03:47 GMT

Nikkei skyrocketed above 9,000 on stimulus hopes

Japanese shares prolonged their rally on Friday after Shinzo Abe, a leader of the opposition party stated that the BoJ should cut the key interest rates to zero or even lower to stimulate faltering economy. Market players bet that opposition party is likely to win elections due next month. Meanwhile, exporters drew strength from weaker national currency. The Nikkei 225

Fri, 16 Nov 2012 11:30:44 GMT

US stocks closed lower amid dismal jobless claims data

US equities moved lower on Thursday amid dismal data from the domestic economy. The number of people applying for jobless benefits surged to 439,000 compared to a forecast of 375,000. Moreover, Philly Fed manufacturing index showed that manufacturing activity in the Philadelphia-region deteriorated more than expected this month. Adding to the bearish mood, investors remained concerned about a recession in

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.