S&P 500 down on Friday, 1.7% up for the week

Source: Dukascopy Bank SA
S&P 500 index edged down on Friday, reflecting growing concerns over Spain. US benchmark dropped 0.22% or 2.86 points and closed at 1,317.82. Spanish borrowing costs surged to almost 6.3% after Spain's autonomous region Catalonia asked for a government financial aid. Nevertheless index managed to recover on weekly basis and reported a 1.7% gain, the first weekly advance since April. Data storage solutions provider Sandisk Corp posted the biggest improvement and added 4.6%. US markets will be closed on Monday for the Memorial Day holiday. 


Back to articles

Actual Topics

Mon, 28 May 2012 08:45:59 GMT

Dow Jones falls 0.6% on Friday, 0.7% improvement for the week

Dow Jones Industrial Average index fell on Friday amid rising worries about Spain as the next troubled country after Greece. Blue chip index fell 0.6% or 74.92 points and closed at 12,454.83 with only 7 stocks ending on positive note. Standard & Poor's rating agency lowered on Friday its credit-worthiness assessment on 5 Spain's banks and warned about the nation's

Mon, 28 May 2012 07:31:59 GMT

China manufacturing companies' profits dropped in April

China manufacturing companies' profits fell 2.2% to USD 64.2 billion in April, National Statistics reported on Sunday. In March companies net earnings advanced by 4.5%. The drop in profit fuels concerns the Chinese economy is slowing to larger extent than expected. Annual manufacturing profit growth for 2012 might be somewhere between 10%-20%, Lu Zhengwei, analyst at Industrial Bank predicted.

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.