US stocks rallied on easing fiscal worries

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/Reuters
US stocks climbed on Wednesday on progress in talks to avert US fiscal cliff. US President Barack Obama reassured investors that the deal on US budget will be done in the next four weeks. Moreover, mounting hopes that the Fed will expand its bond purchasing program at its next-month meeting boosted market sentiment. At the same time, an unexpected drop in new home sales last month limited a upward trend. The S&P 500 Index rallied 0.79% to close at 1,409.93. All sectors included in the index climbed. The top-performers were consumer services as well as oil and gas industries. Apollo Group and Carnival Corp. rose 0.83% and 1.42%, while Cabot Oil & Gas Corp. and Chesapeake Energy added 0.21% and 0.23% despite weaker crude oil prices. Meanwhile, Costco Wholesale Corp. soared 6.29% after announcing a special dividend ahead of expected tax increases. Lenders also joined the rally. Shares of Comerica, Regions Financial and SunTrust Banks jumped 0.3%, 0.46% and 0.34%, respectively.


Back to articles

Actual Topics

Thu, 29 Nov 2012 09:55:41 GMT

Dow advanced on US budget optimism

US blue chips closed on the positive note on Wednesday on brighter outlook on the US economy. US President Barack Obama said that US lawmakers will agree on budget until January 1. Moreover, the Wall Street Journal reported that the Fed is likely to expand its bond-buying plan to increase Treasury purchases at next-month meeting. Capping the upswing, US new

Thu, 29 Nov 2012 10:54:20 GMT

Zinc retreated on rising stocks at LME and SHFE

Industrial metals apart from nickel tanked on Wednesday as market participant remained worried about Greek debt woes and looming US fiscal battles. Market sentiment was further dampened by increased caution ahead of the key US data due on Thursday. Meanwhile, softer US Dollar restricted the downswing.Aluminum slumped as stocks at global exchange warehouses remained elevated despite a recent decline in

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.