U.S. stocks lower on Thursday

Source: Dukascopy Bank SA
U.S. equities slid on Thursday on growing concerns that the Fed might reduce its growth-boosting activities. In addition, investors were disappointed by the lower-than-expected data on corporate profits. All but one group in the benchmark index edged lower. Lyondellbasell Industries N.V., an independent chemical company, paired biggest loss in the gauge to drag down basic materials that were 1.1% lower. Cablevision Systems Corp. followed with a 4.1% decline on news the company will introduce an additional monthly fee to cover the soaring cost of sports. Pacific Gas & Electric Co. dipped 3.97% adding to losses in utilities that erased 0.5%. Among best performers were Safeway Inc. with a 14% rally, the biggest since 1990, after the grocery chain reported fourth quarter results that topped the estimates. J.C. Penney Co. climbed 6.74%, as the retailer received clearance from lenders to sell its preferred stock and permission to obtain $1.75 billion in loans. Kroger Company rose as much as 3.94% to close at $28.76.
Back to articles

Actual Topics

Fri, 22 Feb 2013 12:10:03 GMT

Contraction of the German economy in the Q4

Germany`s economic slowdown in the Q4 was caused by a decrease in exports and investment as the Euro bloc`s demand was impaired by sovereign debt crisis. Exports decreased 2% in comparison to the Q3; meanwhile, investment contracted 0.7%. According to reports released in Feb. 14 2013, GDP fell 0.6%, however, economy confronted a 0.4% increase after adjustment of the working

Fri, 22 Feb 2013 13:33:07 GMT

Platinum slumps on global growth concerns

Precious metals were mixed on Thursday as US jobless claims increased more-than-expected last week, dampening talks that the Fed may halt its bond purchases sooner than planned. However, uncertainty over the Fed's policy move persisted after the data showed that the US core inflation rate climbed more-than-expected last month. Gold swung to gains on hopes that the Fed will stick to

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.