Dow climbs on better than expected profits

Source: Dukascopy Bank SA
U.S. blue chips advanced with the Dow Jones Industrial Average slightly increasing. The Dow Jones Industrial Average gained 0.5%, or 62.51 points, to 13,712.21. All sectors except for consumer goods inched higher. Basic materials posted biggest gains in the index, as the shares of the mining company Alcoa Inc. jumped 2.68% to $9.20. UnitedHealth Group led gains in the health care sector that was 0.65% higher, as the company climbed 2.7%, the most in the index. UnitedHealth Group rallied after the head of state insurance said Obama's health law would need to be delayed. Furthermore, Travelers Cos Inc/The soared 2.15% to $77.95, as the insurer posted better-than-expected fourth-quarter earnings, higher yield from the company's investment portfolio and rising sales. Meanwhile, Coca-Cola Co paired biggest losses among all blue chips on speculation Americans decline their use of products containing fructose corn syrup that induces obesity. Boeing slid 1.17% as its battery supplier is currently being inspected, while Johnson & Johnson dropped 0.74% to $72.69 to pace gains in health care sector amid lower-than-expected earnings and decreasing worldwide consumer sales on negative currency impact.
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