Dow down 0.32% after GDP, FOMC statement

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Source: Dukascopy Bank SA
Dow plunged amid weak demand for riskier assets after disappointing US GDP reading. At the same time, Fed's monetary policy decision lifted US blue chips. Proving further support for the equity market, US non-farm employment jumped more than expected this month. The Dow Jones Industrial Average Index slumped 0.32% to close at 13,910.42. All but one sectors plummeted. The only gainer was consumer goods sector, with Coca-Cola and Procter & Gamble jumping 0.21% and 0.11%. Meanwhile, Boeing was the top-gainer, rallying 1.28%. Boeing reported a 14% increase in quarterly revenue. However, the aircraft manufacturer remained under heavy pressure amid safety problems with its 787 Dreamliner jets. On the downswing, oil and gas as well as basic materials sectors led losses. Exxon Mobil and Chevron sagged 1.19% and 0.65% on energy demand concerns after weak GDP figure. Among basic materials, Alcoa and EI du Pont de Nemours declined 0.90% and 0.69%.
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Thu, 31 Jan 2013 17:06:05 GMT

Japanese equities advanced on positive data

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Thu, 31 Jan 2013 16:39:59 GMT

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