S&P 500 reaches another record

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Source: Dukascopy Bank SA
U.S. equity markets rallied, sending the benchmark S&P 500 Index to a new record high, as Japan rehearsed its plans on asset purchase plans to boost the economy, while investors were bullish on the new earnings season results. The S&P 500 Index advanced 1.2% to 1,587.73 points. All ten industries in the gauge climbed with health care and tech stocks posting the biggest gains. Micron Technology jumped 5.4% to $10.09 amid a rebound in the chipmaker's sales. Apollo Group followed with a 4.9% surge to close at $17.60 after earlier reaching a price of $17.74. A rally in telecommunications sector was supported by JDS Uniphase Corp. that soared 4.8% to $13.99. Meanwhile, First Solar gave up some of its earlier gains this week when its shares rose 46% after the producer of solar panels forecast its sales revenue to reach even $4 billion. The company lost 7.7% to finish at $36.32.  

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Thu, 11 Apr 2013 08:41:34 GMT

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