S&P 500 gives up 0.3%

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Source: Dukascopy Bank
S&P 500 index closed lower on Tuesday as  investors locked in profits after rapid gains on Monday and data showed consumer confidence declined more than predicted in March. US benchmark slipped 0.3% or 3.99 points and closed at 1,412.52. Apollo Group tumbled 8.5% after Credit Suisse downgraded its outlook for the stock to neutral. Lennar jumped 4.7% as its EPS reached USD 0.08 a share, surpassing analyst expectations of USD 0.05 a share.
 
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Wed, 28 Mar 2012 14:51:33 GMT

Dow Jones Industrial Average down on consumer confidence data

Dow Jones Industrial Average index pulled back on Tuesday as data showed  US consumer confidence index dropped by 1.4 points to 70.2 in March. Blue chip index fell 0.3% or 3.90 points and finished at 13,197.73. Pfizer rallied 1.5% after its CEO Ian Read said the firm is considering to spin off or to sell its units of nutrition and

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

Ben Bernanke, chairman of Fed, hinted that the central bank of the US is likely to continue its economy-stimulating measures, citing overall weakness of the US job market despite increased hiring in the last three months. He also claimed that Fed has to 'remain cautious', which was interpreted by many analysts as a sign of maintaining record low interest rates

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