© Dukascopy bank SA
The Dow Jones industrial Average surged 1%, or 129.55 points, to 13,155.13, mainly driven by Financials. All industries within the index edged higher with Financials taking the leader position, as the industry added 1.11%, while Technology and Industrials increased 0.72% and 0.72%, respectively. Among the biggest gainers were JPMorgan Chase& Co, Bank of America and Caterpillar, adding 2.63, 1.81% and 1.21%. The companies losing the most were Microsoft Corporation and Alcoa that declined 1.05% and 0.82%, respectively. The Microsoft corporation stocks inched lower as company was accused of immoral tax practices by not paying corporation tax on their £1.7bn revenues from the UK.
© Dukascopy bank SA