US stocks closed higher on Friday amid easing hopes

Source: Dukascopy Bank SA
S&P 500 continued its rally on Friday, ending the day with a 1.91% gain. US equities caught momentum after Angela Merkel pledged to put any efforts necessary to save the single currency. Meanwhile, slower than expected US GDP growth pace in Q2 failed to halt stocks' rally.  Traders perceived GDP data as a prerequisite for additional stimulus from the Fed. Health Care was the strongest industry in the index, surging 2.58%. Tenet Health Care and Abbott Laboratories rose 9.55% and 2.69%. Meanwhile, Expedia soared more than 20% after reporting stronger than expected quarterly earnings. On the downside, Starbucks lost 9.41% as the company lowered its profit outlook for Q3 and is planning to close down unprofitable stores in Europe.
Back to articles

Actual Topics

Mon, 30 Jul 2012 12:57:47 GMT

Dow Jones soared on Friday on Eurozone's optimism

US blue chips surged on Friday, with all companies included in Dow Jones Industry Average posting gains. Positive US consumer confidence data and optimism over Eurozone lifted stock prices. Moreover, easing speculation after disappointing US GDP data for Q2 pushed equities higher. Dow Jones Industry Average skyrocketed 1.46%, being supported by health care and base materials sectors. Merck & Co

Mon, 30 Jul 2012 12:35:48 GMT

Wheat surged on persistent drought in the US and Russia

Farm commodities, except for coffee, rallied on Friday as drought in the US continued. Meanwhile, dry weather in Russia has already curbed output. From the demand side, easing speculation lifted the commodity group.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.