S&P 500 0.6% up on ISM data

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Source: Dukascopy Bank SA
S&P 500 index climbed on Tuesday lifted by an improvement in US service activity in May. US benchmark index advanced 0.57% or 7.32 points and finished at 1,285.50. Eight out of ten sectors within the index advanced. SanDisk rallied 5.5% after mobile device memory chip maker was upgraded to outperform by Pacific Crest Securities. The world's largest coffee-shop operator Starbucks sank 2.8% after it agreed to acquire Bay Bread LLC for $100 million.  


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Wed, 06 Jun 2012 09:44:23 GMT

Dow Jones Industrial Average closes 0.2% higher

Dow Jones Industrial Average retreated on Tuesday after US reported its non-manufacturing expanded instead of expected slight drop. ISM gauge climbed from 53.5 to 53.7 in May. Blue chip index added 0.22% or 26.49 points and settled at 12,127.95. JP Morgan recovered from yesterday's slump and posted the biggest gains for the index, jumping 3.2%. Other lender Bank of America

Wed, 06 Jun 2012 08:28:23 GMT

Dollar weakens versus Euro on G-7 meeting

The US Dollar depreciated versus Euro and other major counterparts on Wednesday after Asian markets traded higher, reflecting hopes for collaboration between G-7 countries to tackle European debt turmoil. The greenback shed 0.5% against the Euro to USD 1.2512. Currently EUR/USD is trading at USD 1.2482.

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