US blue chips finished in red amid mixed US data

Source: Dukascopy Bank SA
Dow managed to close in the positive area on Friday amid mixed US data. US industrial production unexpectedly slumped last month, while US consumer confidence rose more than expected in January. Speculation that the Fed may stop its accommodative monetary measures also weighed on the US equities. The Dow Jones Industrial Average Index added 0.06% to end the week at 13,981.76. Five out of nine industries within the index finished in green territory. The top-performers were health care companies, with Pfizer Inc and Merck & Co climbing 0.85% and 0.56%. On the downside, Wal-Mart Stores sagged 2.15%, the biggest drop in Dow, after Jerry Murray, Wal-Mart's vice president of finance and logistics said that February sales figures were a ‘total disaster' as consumers' profits were hit by payroll-tax increases. Lenders also moved lower, with American Express, Bank of America Corp and JPMorgan Chase & Co slumping 1.04% , 0.82% and 0.69%.
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