S&P 500 climbs on Friday as investors alley amid Fed's announcement

Source: Dukascopy Bank SA
U.S. shares were bullish on Friday, supported by sound results from Hewlett-Packard Co. In addition, concerns over Federal Reserve's Policy faded. The S&P Index rallied 0.88%, yet posting a 0.3% decline on the week. All sectors in the gauge edged higher. Hewlett-Packard took the market leader position with its shares jumping 12.3% to $19.20 after the PC maker posted strong fourth quarter results that topped the estimates. Cabot Oil & Gas Corporation rallied 11.1% and lifted the oil and gas group that was 1% up. Furthermore, Texas Instruments Inc. added 5.2% to $34.18, as the company increased its dividend payment. On the downside was Abercrombie & Fitch Company that lost as much as 4.5% and capped gains in consumer services shares that were 0.5% higher. Netflix followed with a 3.9% slump and held further gains in the telecommunications group, while Lorillard eased 3.8% to close at $41.15.
Back to articles

Actual Topics

Mon, 25 Feb 2013 15:27:18 GMT

Dow advances as HP posts strong revenue results

U.S. stocks rose on Friday, as comments from the officials of Federal Reserve downplayed concerns over ending the growth-boosting activities. The Dow Jones Industrial Average rallied 0.86% to close at 14,000.57. All but one group in the benchmark index advanced. Hewlett-Packard gave a strong boost for the Dow after posting higher-than-expected revenue. Coca-Cola Co climbed 2.2% to $38.52 and lifted

Mon, 25 Feb 2013 16:00:09 GMT

Wheat slips to 8-month low on weather expectations

Wheat futures for May settlement were lower by 0.5% to $7.1225 per one bushel in the very beginning of Chicago trading session on Monday. Wheat dropped to an eight month low as investors speculate that snowstorm will help to ease drought situation in the U.S. Great Plains, before crops arise from dormancy. Currently the winter wheat are very poor condition as drought period was

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.