S&P 500 edged down on weak house market data

Source: Dukascopy Bank SA
S&P 500 extended previous losses on Wednesday amid weak housing data and speculation that the Fed will launch fresh easing measures. Meanwhile, risk sentiment rose after ECB governor announced potential techniques aimed at increasing firepower of the ESM. On the upside was Symantec, surging 13.51%. The firm unexpectedly dismissed its CEO who came in for severe criticism by investors. Yahoo added 0.45% after Dan Loeb of Third Point bought another 2.5 million shares of the firm for USD39.5 million. On the downside, Netflix plunged 25.02% after the company warned that it may not meet its user growth target in 2012. Apple prolonged its slump, losing another 4.32% on weak quarterly results data.

 

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Thu, 26 Jul 2012 12:35:37 GMT

Natural gas dropped on profit-taking

Energy commodities, excluding natural gas, posted gains on Wednesday amid US monetary stimulus hopes and brighter demand prospects from China. Easing concerns over the Eurozone's financial instability also lifted the commodity group. Crude oil managed to end the day with slight increase despite unexpected rise in US crude oil inventories last week. Brent oil added almost 1% on Fed easing speculation and

Thu, 26 Jul 2012 17:51:39 GMT

Ford earnings better than forecasts

Ford Motor posted a second quarter report with higher than expected earnings, but also the company doubled its estimates for losses in Europe, where debt crisis is far away from being resolved.  Soon after the report, company's shares jumped higher than 1 per cent. Company's quarterly revenue declined by 6.2 per cent to $33.3 billion, mostly because of the loss of $404 million in

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