S&P 100 Index sticks to upward path

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Source: Dukascopy
© Scanpix/AP
On Tuesday Standard & Poor's 500 Index extended gains adding 0.22% or 2.64 points closing at 1,195.19. Index appreciated for the second trading day in a row led by energy companies. Cabot Oil & Gas Corp. added 3.84%, Teco Energy edged up 2.65%, while Denbury Resources jumped 4.24%. Financial shares that were leading the gains on Monday became the major losers on Tuesday after Italian borrowing costs surged. Bank of America lost 3% whereas J P Morgan Chase & Co traded down 2.06%. After US market close, Standard and Poor's reported the ratings cut for several major banks including Goldman Sachs, Citigroup and Bank of America.

 

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Wed, 30 Nov 2011 12:52:23 GMT

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