U.S. shares advance as debt limit delayed

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Source: Dukascopy Bank SA
U.S. equities climbed after lawmakers decided to temporarily delay the federal debt-ceiling and technology shares surged on corporate profits that beat estimates. The S&P 500 index advanced 0.2% to 1,494.81. Five out of ten groups in the gauge increased with technology shares posting biggest gains. The latter sector improved, as Advanced Micro Devices, one of the largest processor maker for personal computers, rallied 11.43% to $2.73 after company reported better-than-expected fourth quarter earnings that were boosted by sales of chips. Furthermore, Intuitive Surgical advanced 9.4% to $567.06 to cap gains in the health care shares, as the company posted profits that beat the analysts' estimates. Netflix soared 5.6%, as the growing number of subscribers aided the company to post $7.9 million net income and beat both the company's and analysts' estimates for the fourth quarter. Alongside to that, Coach, the U.S. luxury handbag maker, retreated 16.4%, as its sales in North America slid 2% in the fourth quarter of 2012.
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Thu, 24 Jan 2013 11:31:33 GMT

Dow increases on technology shares

U.S. blue chips edged higher, as benchmark gauges touched their highest levels in five years after lawmakers voted to delay the country's borrowing limit. The Dow Jones Industrial Average surge 0.5%, or 67.12 points, to 13,779.33. Four out of nine groups advanced with technology shares rallying the most by 3%. The best performing blue chip was International Business Machines that

Thu, 24 Jan 2013 15:02:22 GMT

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