Dow Jones index lost 0.13% on Friday

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Source: Dukascopy Bank SA

The Dow Jones Industrial Average Index lost 0.13% to close at 13,579.47 on Friday. US blue chips rallied in the beginning of the session on hints that the Fed may ease its policy further and hopes that Spain is close to receive the bailout. However, equities faced sharp losses at the end of Friday's session as stock options and futures expired. Only four in nine sectors included in the index rose. The biggest gains poised health care and telecommunications, advancing by 0.78% and 0.35%. Johnson & Johnson, Merck & Co and Pfizer climbed 0.23%, 0.04% and 0.37%, respectively. Among telecommunications, AT&T and Verizon Communications rose 0.37% and 0.33%. Meanwhile, financials were mixed, with Bank of America slumping 0.82% and Travelers Cos adding 0.23%. On the downside were also consumer goods, with Procter & Gamble sliding 0.20%.

 

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