Dow Jones Average rose on EU optimism

Source: Dukascopy Bank SA

Dow Jones Industrial Average added 0.16% to end Monday session at 13,117.51. Mixed data from the US job market on Friday as well as speculation that the ECB will restart its bond-purchasing program pushed US blue chips higher. Seven out of nine sectors included in the index posted gains. Base materials and telecommunications were the strongest sectors in the index. Alcoa and El du Pont de Nemours climbed 1.55% and 1.39% while AT&T and Verizon Communications rose 0.08% and 0.52%. At the same time, two sectors, consumer services and financials, retreated. Among financials, American Express declined by 0.89% while the Bank of America surged 2.83%. Health care sector was mixed, with Pfizer losing 0.08% and Merck and Co climbing 0.58%.

 

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