US stocks close down on Wednesday, remain higher on monthly basis

Source: Marketwatch
Though US shares traded lower on Wednesday session, they posted relatively strong gains for February supported by positive economic data. S&P 500 index declined 0.47% or 6.5 points and closed at 1,365.68 or 4.1% higher on monthly basis. Dow Jones Industrial Average slipped 0.41% or 53.05 points and settled at 12,952.07 or 2.5% up for February. Nasdaq Composite fell 0.67% or 19.87 points and finished at 2,966.89 or 5.4% up for the month.
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Thu, 01 Mar 2012 10:26:28 GMT

Germany's unemployment was flat in January

The number of people without job in Germany was unchanged in January as compared to a 5,000 expected fall, reported Germany's Statistics Office. The rate of unemployment also remained unchanged, staying at 6.8% while analysts predicted the rate to approach 6.7% in January.   

Thu, 01 Mar 2012 09:54:29 GMT

Crude oil inventories in the US rose by 4.2 million barrels last week

US crude oil inventories increased by 4.2 million barrels, approaching 344.9 million barrels last week, reported the EIA. The crude oil inventories hit an upper limit of an average level for this year period. At the same time, gasoline inventories fell by 1.6% but also remained at the upper boundary of the average level. Distillate fuel stockpiles moved down by

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