Dow Jones index inched up on Thursday

Source: Dukascopy Bank SA

The Dow Jones Industrial Average Index added 0.14% to close at 13,596.93 on Thursday. Mixed data from the US coupled with weak manufacturing figures from Eurozone and China weighted down on the US blue chips index. Disappointing consumer confidence data from the Eurozone added pressure on the US stocks. Six out of nine sectors included in the index advanced. The biggest gains posted oil and gas and consumer goods companies. Exxon Mobil and Chevron rose 1.05% and 1.07% amid higher oil prices on news that Venezuela's El Palito refinery was damaged by fire. A surge in natural gas prices after the  EIA inventory report also buoyed energy firms. At the same time, industrials and financials dragged the index lower. Boeing and Caterpillar slumped 0.07% and 1.49% amid weak PMI data from China and Europe. Among lenders, shares of Bank of America and American Express dropped 1.08% and 0.56%.

 

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