Dow closed flat on Friday; defensive stocks lent support

Source: Dukascopy Bank SA
U.S. blue chips traded flat on Friday amid weaker-than-expected U.S. data releases. Moreover, caution ahead of key China's figures due on Monday added pressure on the U.S. stocks. The Dow Jones Industrial Average Index was unchanged, hovering near 14,865.06. Only four out of nine industries within the index advanced. The top-performers were consumer services and telecommunications, climbing 1.31% and 0.45%. Home Depot Inc. and McDonald's Corp rose 2.39% and 1.57%, while Verizon Communications Inc and AT&T Inc jumped 0.69% and 0.13%. At the same time, basic materials and oil and gas companies retreated on falling commodity prices. Among basic materials producers, Alcoa Inc and EI du Pont de Nemours & Co dived 1.20% and 0.93%, the biggest and the second-biggest drops in the stock index. Meanwhile, Chevron Corp. and Exxon Mobil Corp. slid 0.84% and 0.26%.
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Mon, 15 Apr 2013 12:34:03 GMT

Japanese equities plunge on China's numbers

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Mon, 15 Apr 2013 15:36:04 GMT

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