Dow Jones Industrial Average index jumps 1.2% on US jobs report

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Source: Dukascopy Bank
Dow Jones Industrial Average Index appreciated sharply on Friday, lifted by report which showed US economy gained 243,000 new jobs in January and jobless rate fell to 8.3%. Blue chip index surged 1.23% or 156.82 points up at 12,862 with 28 of 30 shares reporting gains. Bank of America soared 5%, followed by Caterpillar with a 3% gain. The only losing stocks were Merck and Procter& Gamble, which dropped 0.2% and 0.9% respectively. On weekly basis Dow Jones index added 1.6%. 


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Mon, 06 Feb 2012 12:14:55 GMT

Canadian Dollar gains on positive US employment data

Canadian currency appreciated for a fourth straight week as positive US economic data amid manufacturing growth in Europe and China spurred demand for higher yielding assets. Loonie strengthened 0.9% against greenback to CAD 0.9934, the longest gain streak since October 28. USD/CAD currently is trading at CAD 0.9972.

Mon, 06 Feb 2012 12:00:52 GMT

S&P 500 rallies on US jobs data

S&P 500 index rallied on Friday, fuelled by US government job report, showing higher-than-expected hiring and a drop in the unemployment level. US benchmark index jumped 1.46% or 19.36 points and settled at 1,344.90 with all 10 sectors posting substantial gains, driven by financial shares. Genworth Financial surged 14%, after the insurer reported it returned to profit in 4th quarter.

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