S&P drops on earnings reports

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Source: Dukascopy Bank
S&P 500 Index slightly declined on Tuesday, pressed down by Zions and Travelers Cos disappointing earnings reports. US benchmark gauge gave up 0.1% or 1.35 points and closed at 1,314.65. Zions Bancorporation lost 7.6%,  as it posted 4th quarter earnings $0.24 per share, compared to expected $0.33 per share. Peabody Energy lost 1.7% after reporting lower than expected forecast for the 1st quarter. Coach Inc. jumped 5.8% after its revenue climbed on strong holiday sales. Western Digital surged 6.2%, as its earnings beat Wall Street expectations. 

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Wed, 25 Jan 2012 16:09:07 GMT

Dow Jones down for a second straight session

Dow Jones Industrial Average Index prolonged its downward trend on Tuesday session weighted by Travelers earnings report and Greek debt struggle. Blue chip index fell 0.26% or 33.07 points to 12,675.75. Travelers Cos. provided the main negative contribution to the index edging down 3.8% after the insurer reported 4th quarter earnings below Wall Street forecasts. Financials performed mixed, as Bank

Wed, 25 Jan 2012 15:57:18 GMT

Latin America and India faced disappointing in aluminium output

Aluminium output in Latin America and India was disappointing in 2011, reported Harbor Intelligence. Latin America announced 0.12 million drop in aluminium production while India reported no expansion of output. At the same time, production of aluminium rose in China and Middle East that account 80% of the world's aluminium output. Worldwide production inched up 7.4% over 2011.

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