Dow Jones Industrial Average index climbs on housing data

Source: Dukascopy Bank
Dow Jones Industrial Average Index recovered on Thursday on positive job and housing data amid renewed optimism about Greece, as country expects to get bailout approval on February 20. Blue Chip index advanced 0.96% or 123.13 points and closed at 12,904.08 with 29 of 30 stocks posting gains. Microsoft led the gains, jumping 4% on news S&P is likely to increase firm's weighting in S&P 500 index. Bank of America soared 4% and Hewlett Packard surged 2.6%. Kraft foods was the only company that posted modest loss equal 0.1%. 

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Fri, 17 Feb 2012 13:04:12 GMT

Hang Seng finishes 1% up on Friday

Hong Kong's Hang Seng index erased previous day's losses and rallied on Friday, supported by economic data and earnings reports. Hang Seng index rose 1.01% or 214.34 points and settled at 21,491.62 with exporters and financials climbing most. China Life Insurance gained 3.5% and Ping An Insurance Group added 1.6%. Foxconn International Holdings advanced 0.7% and Esprit Holdings jumped 5%

Fri, 17 Feb 2012 11:26:17 GMT

S&P 500 index rallies on jobs data

S&P 500 index rallied on Thursday as investors anticipated news the jobless claims fell to a three-year record low in January while housing starts surged. US benchmark jumped 1.1% or 14.81 points and finished at 1,358.04 with all 10 sectors posting gains. J.M. Smucker tumbled 8% after its net income and revenue missed estimates. The company raised prices for Jif

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