S&P 500 drops 0.4% on Chicago PMI

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Source: Dukascopy Bank
S&P 500 index closed slightly lower on Monday as data showed Chicago PMI dropped more than expected in April. US index lost 0.39% or 5.45 points and finished at 1,397.91. Humana tumbled 8.1% on news its profit fell 21%. The owner of the New York Stock Exchange NYSE Euronext, faded 5% after reporting that its revenue sharply declined in the first quarter of 2012. Sunoco rocketed 20.5% after Energy Transfer Partners agreed to acquire the refiner for $5.3 billion. 

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Tue, 01 May 2012 09:08:46 GMT

Dow index slightly lower on manufacturing activity concerns

Dow Jones Industrial Average index slipped on Monday as the drop in Chicago PMI boosted worries the overall manufacturing gauge on Tuesday also may show slow down. Blue chip index gave up 0.11% or 14.68 points and closed at 13,213.63. Merck & Co posted the biggest gains for the Dow as court ruled company's patent cholesterol drugs Zetia and Vytorin

Tue, 01 May 2012 08:29:46 GMT

Indonesian inflation accelerated in April

Indonesia's inflation reached 7-month high in April, adding pressure on the Indonesia's central bank to refuse from further interest rate cuts. Country's CPI surged in 4.5% previous month compared to last year, Statistic's Central Bureau reported on Tuesday. In March CPI accelerated by 3.97%. Nation's exports gained 5.5% in March compared to similar period a year before. 

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