Dow rallied to record on upbeat US figures

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Source: Dukascopy Bank SA
US blue chips rallied on Tuesday amid optimism over the US economy and improved market sentiment after Cyprus reached an agreement with its international lenders. US home prices rose last month, while durable goods orders came better-than-expected last. However, the upswing was limited as US new home sales and consumer confidence declined more than forecast. The Dow Jones Industrial Average Index jumped 0.78% to close at record-high of 14,559.65. All but one industry within the index advanced. Health care and consumer goods led gains. Among health care firms, Pfizer Inc and Merck & Co Inc jumped 1.56% and 1.60%. At the same time, Coca-Cola Co and Home Depot Inc lent support to consumer goods, rallying 1.42% and 0.83%. Meanwhile, Boeing soared 2.09%, the third largest gain in the index, on reports that the firm successfully completed a test flight of its 787 Dreamliner. The top-performer was Intel, surging 2.91% on speculation that the company is planning to invest in a pay-TV service.

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