S&P 500 almost flat on Tuesday

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Source: Dukascopy Bank

S&P 500 Index added 0.01% or 0.1 point on Tuesday and finished at 1,265.43 led by utility stocks. On year-to-date basis the index is 0.6% up. Most negative contribution came from Sears Holdings Corp. after the retail company announced it will close 120 stores. Financials also weighted down on index as Morgan Stanley lost 2.98% and Citigroup Inc. was down 2.04%. Main gainers who helped to offset losses were International Game Technology and Tiffany & Co. adding 4.95% and 3.98% respectively.

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Wed, 28 Dec 2011 13:46:31 GMT

FTSE 100 up after successful Italian bond auction

After prolonged Christmas holidays UK benchmark FTSE 100 opened 0.3% higher on Wednesday and extended gains later during day as Italy successfully sold bonds and their yields declined.  At the moment of writing FTSE 100 trades 0.65% or 35.63 points higher at 5,548.33. Grocer Tesco PLC gained 2.2% after retailer reported strong Christmas sales. Drug producer GlaxoSmithKline PLC added 1% amid positive expectations about sector. Among main

Wed, 28 Dec 2011 13:46:07 GMT

Dow Jones little changed on Tuesday trade

Dow Jones Industrial Average traded nearly flat on Tuesday following 427 point increase previous week. Blue chip index slipped 0.02% or 2.65 points closing at 12,291.35. Dow Jones was higher most of the session but retreated shortly ahead of closing as Sears announced about closing 120 of its stores. On the downside were financials J P Morgan Chase & Co and Bank of America Corp. falling

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