Dow Jones ended last week higher

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

Dow Jones Industrial Average balanced between gains and losses on Friday but managed to close with moderate increase of 0.33%. Negative news from the Eurozone and China weighted on the US stock market. However, speculation that global and domestic economic weakness will force the Fed to provide additional monetary stimulus sent US blue chips higher. Seven out of nine sectors included in the index moved up. The best-performers were basic materials and telecommunications. Alcoa and El du Pont de Nemours & Co added 1.35% and 1.07% while AT&T and Verizon Communications rose by 0.70% and 0.59%. At the same time, financials and consumer goods dragged the US blue chips index lower. American Express lost 1.10% whereas the Bank of America gained 0.26%. Kraft Foods retreated 0.37% while Procter & Gamble inched up by 0.26%.

 

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