S&P 500 index gains 1.4% as Fed boosts hopes

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Source: Dukascopy Bank
S&P 500 index extended gains on Thursday lifted by Fed's officials confirmation the interest rates will stay low. US benchmark index advanced 1.38% or 18.86 points and finished at 1,387.57 with basic materials creating the biggest gains. Google jumped 2.4% as the company reported higher than expected EPS for the 1st quarter. Drug distributor McKesson gained 3.9% after the firm reported a 14-year record high revenue. AT&T  added 1.3% its shares were upgraded by JPMorgan. 

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Fri, 13 Apr 2012 13:46:37 GMT

Dow Jones index rallies on Hewlett Packard

Dow Jones Industrial Average index surged on Thursday as Fed's announcement offset higher than expected jobless claims effect. Blue chip index soared 1.41% or 181.19 points and closed at 12,986.58 mainly supported by Hewlett Packard which rallied 7.2% after Gartner reported the global PC industry advanced by nearly 2% in the 1st quarter and Hewlett Packard remained a market leader.

Fri, 13 Apr 2012 12:11:04 GMT

Aussie weakens on China GDP data

Australian Dollar declined after China reported its GDP slowed more than expected in the first quarter. Aussie dropped 0.4% vesrus greenback to USD 1.0392. In contrast Kiwi gained 0.3% against its US peer to USD 0.8300. Currently AUD/USD is trading at  USD 1.0388 and NZD/USD is trading at 0.8292.

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