Most U.S. Equities drop on World Bank's forecast

Note: This section contains information in English only.
Source: Dukascopy Bank SA
U.S stocks mostly edged lower after gaining yesterday, as the World Bank forecast the global economy to contract in 2013, offsetting an increase in the Apple's shares. The S&P 500 index added less than 0.1% to 1,472.63. All but three sectors declined. Telecommunications shares lost the most by dropping 1.16%, followed by basic materials that erased 0.76%. Northern Trust Corporation shares eased 5.8% to $49.78, capping further gains in financial shares. Chipotle Mexican Grill Inc. lost 5.5% to $280.94 after the company reported better-than-expected fourth-quarter earnings. Dell Inc., in turn, slumped 4.3% to $12.61, halting its rally in the last two days. Meanwhile, technology stocks posted biggest gains, as Apple Inc. advanced 4.2% to $506.09, rebounding from its losses on Monday and Tuesday. Apple plans to introduce installment payments for IPhone buyers, as well as for buyers of MacBook laptops in Chinese market, since the world's valuable company faces stiff competition from low-cost devices. Genworth Financial was up 8.9%, the most in the gauge, as the insurance company aims at separating most of its parts from mortgage-guarantee operations.
Back to articles

Actual Topics

Thu, 17 Jan 2013 11:48:05 GMT

Dow declines on global growth forecasts

U.S. blue chips declined after their gains yesterday on growing concerns about the global economy after World Bank forecast it to grow at a slower pace than in 2012. The world's largest economy improved last month, as industrial production extended its gains for a second month and auto and home sales also advanced, offsetting the weak data for unemployment in

Thu, 17 Jan 2013 11:26:05 GMT

Sugar plunges amid global supply surplus

Farm commodities apart from sugar advanced on Wednesday, drawing strength from the last week's USDA Wasde report. The sentiment on grains was also underpinned by South America weather concerns. Soil moisture in Argentina, Paraguay and southern Brazil is expected to decline in the next ten days, reported World Weather Inc. Wheat edged higher on worries that dryness in many US

Subscribe to "Fundamental Analysis" feed

Souscrire
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.