Dow Jones down 0.7% on Friday, 0.5% for the week

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Source: Dukascopy Bank
Dow Jones Industrial Average Index weakened rapidly on Friday, weighted down by renewed worries on Greece rescue plan. Blue chip index slumped 0.7% or 89.23 points to 12,801.23 with 29 of 30 companies posting declines. Alcoa led the drop, tumbling 3.3% and Caterpillar lost 1.9% as investors sold stocks of firms most linked to economic growth. Among main decliners were also chemical company Du Pont and IT technology giant Hewlett Packard, each giving up 1.4% and 1.3% respectively. On weekly basis Dow Jones index fell 0.5%. 

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Mon, 13 Feb 2012 10:35:22 GMT

Asian stocks climb on Greece austerity approval

Asian markets advanced on Monday after Greek parliament voted in favour of nation's austerity plan. Japan's Nikkei Stock Average added 0.58%, South Korea's Kospi gained 0.6% and Australia's S&P/ASX 200 index surged 0.9%. Hong Kong's Hang Seng Index soared 0.5% but Shanghai Composite Index was the only of the leading Asian indexes that traded flat. 

Mon, 13 Feb 2012 10:13:24 GMT

S&P 500 index tumbles on Greek default threats

S&P 500 index fell sharply on Friday as European finance ministers blocked bailout funding for Greece until parliamentary approval of austerity plan. S&P 500 index dropped 0.7% or 9.31 points to 1,342.64 with all 10 industries posting losses. NYSE Euronext jumped 4.5% after its revenue and profit outperformed Wall Street expectations. First Solar tumbled 10.5% after the firm announced a

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