S&P 500 index tumbles 1% after Spanish bond auction

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Source: Dukascopy Bank
S&P 500 index tumbled on Wednesday as weak Spanish bond auction renewed investor fears about possible recession. US benchmark fell 1.02% or 14.42 points and closed at 1,398.96. Sears lost 7.4% on news the retailer is considering to sell its casual clothing unit Lands' End, which it purchased in 2002. Memory card and chip manufacturer SanDisk plunged 11%, the most in the S&P, after the firm lowered its forecast for 1st-quarter sales citing fragile demand and lower prices. 

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Thu, 05 Apr 2012 12:18:51 GMT

Dow Jones extends decline as European debt fears return

Dow Jones Industrial Average index prolonged losses on Wednesday, pressed by financial stocks which responded negatively to the developments in Europe. Additional downside effect came from a decline in commodity prices. Blue chip index tumbled 0.95% or 124.80 points and settled at 13,074.75 with 26 of 30 shares posting losses. Bank of America shed 3% while JP Morgan pulled back

Thu, 05 Apr 2012 10:16:29 GMT

Loonie drops versus US Dollar ahead of jobs data

Canadian Dollar fell against greenback before US jobs report due on Thursday on concerns hiring growth may slow. Its depreciation was fuelled also by debt concerns over Spain. Canada's currency weakened 0.5% to CAD 0.9963. Currently USD/CAD is trading at CAD 0.9962. 

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