Dow extends gains as profits beat the estimates

Source: Dukascopy Bank SA
U.S. equities posted longest series of daily gains since the year 2004 on better-than-expected corporate profits and U.S. lawmakers' decision to temporarily delay the federal debt-ceiling. The Dow Jones Industrial Average rallied 1.8%, or 246.28 points, to 13,895.98. All sectors in the gauge edged higher. Consumer goods posted biggest gains after Procter & Gamble jumped the most among all blue chips. The company rose 4%, as the company raised its profit forecast for the year 2013 and posted better-than-forecast quarterly profit after gaining market share in the company's key categories. Furthermore, JPMorgan Chase & Co climbed 1.7% to pace gains in the financial shares that edged 0.7% higher, the second biggest increase in the index. Johnson & Johnson added 1.1% and lifted health care group that was 0.63% higher. Meanwhile, Wal-Mart Stores tumbled the most among all companies listed in the index by 1.1% and capped further gains in consumer services group that increased only 0.18%. Caterpillar erased 1.1% to $95.58 and halted further advance in industrial shares that were 0.19% up.
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Mon, 28 Jan 2013 12:21:04 GMT

Japanese shares halt their last week's gains

Japanese Stocks dropped, dragging down the Nikkei 225 index from its longest stretch of gains since 1970, as Fanuc Corporation and Advantest Corporation retreated on rising concerns about their profits. The Nikkei 225 declined 0.9% to 10,824.31. Eight out of ten groups in the index edged lower. Fanuc erased 7% to 13,550 yen after the company lowered its earnings outlook

Mon, 28 Jan 2013 11:59:04 GMT

U.S. shares post their longest daily gains since 2004

U.S. shares climbed on Friday, posting the longest stretch of daily rallies in the last 8 years, as optimism rose on corporate earnings that beat the estimates and the delay in determining the federal debt-ceiling. The S&P 500 index advanced 1.1% to 1,502.96. All groups in the index edged higher. Netflix was the best performing blue chip in the

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