S&P 500 flat on investor concerns - News - Dukascopy Bank

Tue, 24 Jan 2012 13:59:03 GMT
Source: Dukascopy
 
© Scanpix/AFP
S&P 500 Index traded almost flat on Monday, as investors remained cautious about the enduring Greek debt write down talks. US benchmark index closed 0.05% or 0.62 points higher at 1,316, the highest reading since July 26.  Energy and technology stocks provided major contribution to the index, as oil prices rallied, after EU imposed embargo on Iran crude. Southwestern Energy jumped 10.3%, while Cabot Oil & Gas surged 6.5%. Natural gas producer Chesapeake Energy rocketed 6.3%, after it announced plans to cut production. 


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