S&P 500 was steady on Wednesday

Note: This section contains information in English only.
Source: Dukascopy Bank SA

S&P 500 was flat on Wednesday amid building expectations for easing measures from the ECB and Fed. However, profit warnings from several large companies coupled with negative news from the Eurozone pressurized US equities. S&P 500 closed with mild gain of 0.06% at 1,402.22. Health care and consumer goods were the top-gainers in the index. Pfizer and Johnson & Johnson rose 0.38% and 0.09% while Kroger and Kraft Foods added 0.82% and 1.02%. Meanwhile, Marcy gained 2.73% after the store chain reported a 16% increase in profits in Q2. The top-gainer was Dean Foods, surging 40.58%. The company posted strong Q2 profit, raised full-year income forecast and announced an IPO of its dairy subsidiary. At the same time, consumer services weighted down on the US stock index. Priceline lost 17.28% after the company urged investors that Q3 revenues and profits are likely to miss forecasts as crisis in the Eurozone is deepening.

 

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