U.S. shares higher on positive economic data

Source: Dukascopy Bank SA
U.S. stocks extended their gains for a second straight day on Wednesday after Ben Bernanke, the Chairman of Federal Reserve, assured his strong support for growth-boosting activities and U.S. housing and durables goods data added to positive sentiment. The S&P 500 Index advanced 1.4%, or 20.92 points, to 1,517.86. All sectors in the gauge rallied at least 0.8%. Dollar Tree posted the biggest gain with its shares soaring as much as 10.5% to $ 45.39, as the discount variety store will release data on its corporate earnings. The AES Corp., in turn, climbed 6.3% to pace gains in utility sector that was 0.9% up. The multinational power producer surged the most in 18 months, as it posted fourth-quarter earnings that topped the estimates. Joy Global jumped 5.82% to $63.45, adding to the 1.8% increase in industrials, the biggest gain in the index. First Solar slid 14% as its expected profit dropped 15% in 2012.
Back to articles

Actual Topics

Thu, 28 Feb 2013 08:42:04 GMT

Dow Jones reaches it highest level in five years as U.S. housing improves

The Wall Street was green on Wednesday, as better-than-forecast data on U.S. housing bolstered bullish sentiment in stocks and European stocks edged higher, as Italian bond auction reached its maximum target. The Dow Jones Industrial Average rallied 1.3%, or 175.24 points, to 14,077.85, its highest in five years. All ten groups inched up. JPMorgan Chase & Co led gains in

Wed, 27 Feb 2013 17:34:04 GMT

Rapid gain of U.S pending home sales in January 2013

According to the National Association of Realtors, U.S pending home sales surged 4.5% to 105.9 in January from recorded 101.2 in December, and 9.5% from January 2012 when it dropped to 96.7. Sales were low due to insufficient supply of available homes. As the trend is expected to progress in the forthcoming months, economist's expected a gain of 1.9%."Favorable affordability

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.