Dow Jones: best weekly performance since 2009

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Source: Marketwatch
© Scanpix/AFP

Dow Jones Industrial Average Index closed slightly down on Friday giving up 0.01% or 0.61 points to 12,019.42. Despite Friday's decline the overall weekly gain for the index reached 7%, a record-high since 2009. Similarly to S&P 500 banking shares brought main positive contribution J. P. Morgan Chase added 6.14% and Bank of America gained 1.99%. Main decliners were Hewlett-Packard and Johnson&Johnson dropping 1.91% and 1.52% respectively. 

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Mon, 05 Dec 2011 15:16:46 GMT

FTSE 100 extends gains on Italy announcement

On Friday UK's FTSE 100 index closed week at 5,552.29, 63 points or 1.2% up, led by banking stocks. Barclays PLC rose 7% HSBC Holdings PLC added 3% while Standard Chartered PLC gained 3.2%. On Monday trade UK benchmark index extended gains after Mario Monti proposed a plan to reduce Italy's debt burden. FTSE 100 gained 0.5% or 26.25 points to 5,578.54 in London morning trade.

Mon, 05 Dec 2011 15:15:10 GMT

S&P 500 marginally down on Friday

On Friday S&P 500 benchmark index closed at 1,244.28, 0.02% or 0.3 points down. Nevertheless index gained 7.4% on weekly basis as Fed cut dollar borrowing rates for European banks and China announced monetary policy easing. For S&P 500 Index last week was the best since March 2009. Banking stocks were among main gainers. Morgan Stanley advanced 6.96%, J. P. Morgan Chase & Co. added

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