S&P 500 gains on Italian austerity measures

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Source: Marketwatch
© Scanpix/AP

On Monday S&P 500 benchmark index advanced 1.03% or 12.80 points reaching 1,257.08 after Italian PM Monti presented austerity and growth plan. Main supporters for the index were banking shares while health-care firms were among main decliners. Morgan Stanley added 6.77%, Citigroup Inc. rose 5.89%, while J P Morgan Chase & Co jumped 3.65%. Washington Post Company and Newfield Exploration Company pushed down the index as their shares lost 4.46% and 3.44% respectively. 

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Tue, 06 Dec 2011 12:57:15 GMT

Dow Jones Industrial Average surges amid Italian debt reduction plan

Dow Jones Industrial Average Index added 0.65% or 78.41 points and closed at 12,097.83 on Monday trade as Monti's austerity and growth plan stimulated investor hopes for resolving debt crisis. Most of index's shares gained. Appreciation in the index was led by banks and tech-companies. Bank Of America Corp. advanced 2.66%, and J P Morgan Chase & Co climbed 3.65%. Microsoft Corp. soared 1.9% while

Tue, 06 Dec 2011 12:22:35 GMT

S&P 500 gains on Italian austerity measures

On Monday S&P 500 benchmark index advanced 1.03% or 12.80 points reaching 1,257.08 after Italian PM Monti presented austerity and growth plan. Main supporters for the index were banking shares while health-care firms turned out to be main decliners. Morgan Stanley added 6.77%, Citigroup Inc. rose 5.89%, while J P Morgan Chase & Co jumped 3.65%. Washington Post Company and Newfield Exploration Company pushed down

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