S&P 500 gains on Italian austerity measures

Note: This section contains information in English only.
Source: Marketwatch

On Monday S&P 500 benchmark index advanced 1.03% or 12.80 points reaching 1,257.08 after Italian PM Monti presented austerity and growth plan. Main supporters for the index were banking shares while health-care firms were among main decliners. Morgan Stanley added 6.77%, Citigroup Inc. rose 5.89%, while J P Morgan Chase & Co jumped 3.65%. Washington Post Company and Newfield Exploration Company pushed down the index as their shares lost 4.46% and 3.44% respectively. 

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