Dow up on fourth-quarter earnings

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Source: Dukascopy Bank SA
U.S. stocks gained, lifting the S&P 500 index up on rising optimism among investors about corporate earnings in the fourth quarter. The Dow Jones Industrial Average advanced 0.5%, or 61.66 points, to 13,390.51. Three out of nine groups in the gauge declined. Alcoa Inc. shares posted second biggest losses by losing 0.2% to $9.08, even though the company reported better-than-forecast sales and gained yesterday. The company aims at avoiding a downgrade by Moody's to a junk status, which was reviewing Alcoa's status on December 18. Alongside to that, after two days of decline, Boeing Co rebounded and advanced 3.55%, the most in the benchmark index after Qatar Airways, one of Boeing' Dreamliner biggest customers, said that increased scrutiny of the model after the incident at Boston's airport will not damp the company's purchase plans. Furthermore, Hewlett-Packard added 3%, adding to gains in the technology sector that gained 0.13%.


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Thu, 10 Jan 2013 14:21:04 GMT

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Thu, 10 Jan 2013 13:59:05 GMT

U.S. shares on optimism about forth-quarter earnings

U.S. stocks rallied on Wednesday, sending up the Standard & Poor's 500 index, as optimism among investors rose over the fourth-quarter corporate profits. The S&P 500 index advanced 0.3% to 1,461.02. Six out of ten groups in the benchmark index increased. Seagate Technology surged 6.6% after better-than-forecast revenue data, leading gains in the technology sector that was only 0.07% up.

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