S&P 500

Source: Dukascopy Bank SA
© Dukascopy Bank SA
U.S. equities extended their losses for the third consecutive day, as retailers shrank after the Christmas holiday pairing with concerns about the final outcome of the nation's budget negotiations. The S&P 500 index dropped 0.5% to 1,419.83 on Wednesday. Nine out of 10 groups in the index inched lower, with basic materials being the only sector surging. Cliffs Natural Resources added 2%, as raw-material stocks gained on speculation Japanese new government will launch more monetary stimulus. Alpha Natural Resources capped losses in the energy sector by adding 5.54%, while Penney J.C. advanced 4.43% and Ford Motor gained 3.46%. Meanwhile, consumer discretionary stocks mostly paired losses. Coach Inc. and Amazon.com posted the biggest losses of 5.89% and 3.86%, respectively, and triggered a  0.75% decline in the consumer goods sector. The shares of apparel company Abercrombie & Fitch Co posted third biggest decline of 3.52%. The worst performing group was Consumer services by losing 1%, followed by Utilities erasing 0.93%. In addition, Apple Inc., the most valuable company, slid 1.4%, as technology shares dropped 0.56%.


© Dukascopy Bank SA
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Thu, 27 Dec 2012 16:35:25 GMT

Dow Jones

U.S. blue chips finished sharply lower on Wednesday on mounting concerns over the final version of the U.S. budget deal and slumping retailers, as equity markets were closed for the Christmas Holiday. The Dow Jones Industrial Average fell 0.2%, or 24.49 points to 13,114.59. All but one sector out of nine inched lower with basic materials being the only gainer

Thu, 27 Dec 2012 16:46:35 GMT

German shares jumped to their highest level in one week

German equities paired gains reaching their highest level in one week prior to U.S. lawmakers resuming discussions to prevent the so- called "fiscal cliff". In addition, investors are becoming more optimistic about the outlook for the Eurozone, as the ECB is taking measures to rebound the euro-area. The DAX index advanced 0.4% to 7,664.54 by 1:55 p.m. in Frankfurt. The

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