Dow Jones Industrial Average

Source: Dukascopy Bank SA
© Dukascopy Bank SA
Dow erased this week's gains on concerns Fed will end the bond purchasing somewhere this year. After the budget deal this week, investors are now paying their attention to confrontations between Republicans and White House over government spending. In addition, a larger number of Americans than forecast claimed for unemployment benefits last week. The Dow Jones Industrial Average slumped 0.2% to 13,391.36 on Thursday. All but two sectors in the index declined. The biggest U.S. insurer UnitedHealth Group inched 4.7% lower after it was cut from buy to hold at Deutsche Bank, pacing losses in the health care sector. Health care shares lost 0.88%, the worst performing group in the index. Furthermore, Microsoft Corporation tumbled 1.4% adding to a 0.5% decline in technology stocks. Meanwhile, Merck & Co, global health care company, advanced 2.5% to $42.33 halting losses in the week performing stocks of health care sector. Caterpillar edged 1% higher, adding to gains in industrials group that increased 0.34%.

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Fri, 04 Jan 2013 17:55:57 GMT

Nikkei 225

Japanese shares edged higher sending the Nikkei 225 Stock Average to its highest level since March 2011, as depreciating Yen supported exporters' earnings outlook. The national currency tumbled prior to BOJ's Deputy Governor Kiyoko Nishimura's speech today in San Diego on speculation the national bank will add stimulus to beat deflation. The Nikkei 225 index advanced 2.8% to 10,688.11 at

Fri, 04 Jan 2013 17:33:59 GMT

S&P 500

U.S. Stocks dropped after Fed policy makers announced they might end their $85 billion monthly bond-purchase program in 2013. The S&P 500 index tumbled 0.2% to 1,459.37. The benchmark index touched its highest level in 3 months on Wednesday, as the lawmakers passed a budget bill. Seven out of ten groups in the index inched lower with basic materials pairing

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