Dow Jones Industrial Average 3.6% up for the week

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Source: Dukascopy Bank SA
Dow Jones Industrial Average closed higher on Friday, supported by hopes that European leaders will be able to tame Spanish banking turmoil. Blue chip index added 0.75% or 93.24 points and settled at 12,554.20. 26 out of 30 stocks finished into green area. Wal-Mart Stores rallied most in the Dow, gaining 3.6%. Other major retailer Home Depot ascended 2.2%. On the downside Mcdonald's slipped 0.7%. Dow index ended week with a 3.6% improvement as concerns over Europe eased. 

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Mon, 11 Jun 2012 10:08:36 GMT

Hang Seng index rallies on Chinese data, Spain bailout

Hong Kong's main stock index edged sharply higher on Monday after China reported a higher than expected surge in exports. Positive data offset another report saying annual retail sales were weaker in May. Hang Seng index jumped 2.26% or 418.58 points and finished at 18,916.28. Ports operator Cosco Pacific and China Life Insurance each rallied 6%. Heavyweight HSCB Holdings gained

Mon, 11 Jun 2012 09:46:37 GMT

S&P 500 index 0.8% up on Friday

S&P 500 index advanced on Friday as investors incorporated into prices speculation about rescue of Spanish banking system. US benchmark index gained 0.81% or 10.67 points and finished at 1,325.66. Nine of ten industry groups in the S&P 500 posted gains. Only energy shares weakened as, energy prices faded. The main gainer for the index was cell phone provider Sprint

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