S&P 500 rallies on retail sales

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Source: Dukascopy Bank
S&P 500 index rallied on Tuesday as US retail sales reached 5-month record high and Federal Reserve confirmed the labour market has improved. US benchmark index jumped 1.81% or 24.86 points and closed at 1,395.95. Bank stocks climbed after JP Morgan decided to boost its dividend. Goldman Sachs added 6.5% and Citigroup Inc gained 6.3%. Apple surged 2% after Jefferies Group increased its stock-price estimate to USD 699. On the downside Urban Outfitters lost 5.3% after the retailer reported lower than expected earnings.

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Wed, 14 Mar 2012 11:04:18 GMT

Dow Jones Industrial Average jumps 1.7% led by JP Morgan

Dow Jones Industrial Average index jumped sharply on Tuesday reaching record high since 2007 after Fed said it will hold low interest rates and signalled optimism regarding US growth. Blue chip index rallied 1.68% or 217.98 points to 13,177.68, marking the biggest daily gain since December. All 30 shares within the index ended in the positive territory. JP Morgan Chase

Wed, 14 Mar 2012 10:24:54 GMT

US Dollar climbs rapidly on Fed economic assessment

US Dollar advanced versus most if its main peers after Federal Reserve increased their evaluation of US economy and announced it will hold record low interest rates. US currency added 0.3% versus Japanese Yen to JPY 83.22. The greenback also advanced 0.3% against Euro to USD 1.3031, close to 4-week high. Currently USD/JPY is trading at JPY 83.21 and EUR/USD is trading at

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