American shares trade at record levels as consumer confidence surges

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Source: Dukascopy Bank SA
American shares surged on Tuesday with regional benchmark index reaching its new all-time high. Hopes that central banks across the globe will stick to their loose monetary policies also boosted U.S. shares. The S&P 500 Index climbed 0.25% to 1,597.57 points as of 4:14 p.m. New York time. Among the best performers, Best Buy Co Inc jumped 7.4% to $25.99, as the company sold its European branch to Carphone Warehouse. The retailer plans to concentrate its business mainly in the U.S. Investco Ltd and Advanced Micro Devices Inc followed with a 6.8% and 5.2% rise to close at $31.74 and $2.82, respectively. Meanwhile, Pitney Bowes Inc slumped 15.6% to $13.67 and Cummins Inc slid 6.1% to $106.39. Additionally, Marathon Petroleum Corp traded 4.9% down to finish at $78.36.
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Wed, 01 May 2013 10:21:03 GMT

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Wed, 01 May 2013 11:37:03 GMT

Dow up amid improvement in consumer confidence

U.S. blue chips climbed on Tuesday, as consumer confidence rose more than predicted in April. In addition, investors awaited new stimulus programs from central banks. The Dow Jones Industrial Average Index advanced 0.14% to 14,839.80 points as of 4:14 p.m. New York time. Among the gainers, The Walt Disney Co surged 1.8 to $63.00 and International Business Machines Corp added

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