S&P 500 declines by 0.87% on Tuesday

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Source: Dukascopy

S&P 500 Index dropped 0.87% or 10.74 points reaching 1,225.73 on Tuesday after Fed decided to leave its key interest rate unchanged and retail sales rose at slower pace than predicted. 9 out of 10 S&P 500 industries experienced a decline led by economic growth dependent companies. Sears Holdings Corp., Alcoa Inc. and Bank of America Corp. each tumbled about 2.3% while leading consumer electronics retailer Best Buy Co. plunged 15% as discounts harmed firm's gross margin. Amazon.com Inc. lost 4.8% after worsened sales estimates.

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Wed, 14 Dec 2011 14:56:22 GMT

Number of unemployment claims increased less than expected in the UK

In the UK, the number of residents applied for unemployment benefits increased much less than analysts expected while the unemployment rate remained the highest since 1996, according to official data. The number of claimants increased by 3,000 on a seasonally adjusted basis in November compared to 17,000 previously expected. The unemployment rate stays at 8.3% with 2.64 million people being unemployed.

Wed, 14 Dec 2011 15:10:56 GMT

Nikkei slightly lower on Wednesday

Japan's Nikkei Stock Average declined 0.39% or 33.68 points to 8,519.13 as markets anticipated Fed report it will not apply expansionary monetary policy to stimulate growth. On the downside were resource companies with Mitsui Mining & Smelting Co tumbling 1.4% and JFE Holdings Inc dropping 0.9%  Export dependent Japanese car producers also extended their loss: Honda Motor Co declined 2.2% and Suzuki Motor gave up 1.1%. On the upside were energy

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