Dow Jones Industrial Average tumbles on disappointing hiring data

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Source: Dukascopy Bank
Dow Jones Industrial Average index tumbled on Monday as data showed US employers created only 120 000 jobs in March compared to an expected gain of 205 000. Blue chip index sank 1.0% or 130.55 points and settled at 12,929.59, first close price below 13 000 since March 12. Bank of America led the drop, giving up 3.3% while Caterpillar fell 2.2%. Aluminium producer Alcoa shed 0.3% before its 1st quarter earnings report due Tuesday. 


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Tue, 10 Apr 2012 10:57:45 GMT

Bank of Japan leaves benchmark rate untouched

The Bank of Japan (BoJ) decided to keep its key interest rate unchanged between zero and 0.1%, spokesperson said on Tuesday. Representatives of the central bank admitted the foreign economies still are contracting but European financial markets start to show signs of stability. Japanese Yen strengthened versus greenback on the announcement. 

Tue, 10 Apr 2012 10:08:39 GMT

S&P 500 index gives up 1.1% after holidays

S&P 500 index traded lower on Monday as investors returned from Easter holidays and incorporated into prices weaker than expected hiring rate in March. US index fell 1.14% or 15.88 points and closed at 1,382.20. Financials weighed on the index with Hartford Financial Services dropping 3% and Citigroup giving up 2.4%. Avon lost 3.1% after the company named Sherilyn McCoy,

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