US shares plunged on Friday

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Source: Dukascopy Bank SA
© Scanpix/AP
US stocks ended the week in the negative territory despite positive data from national economy. US non-farm payrolls climbed more than expected last month, indicating that the country's labour market is recovering. At the same time, market sentiment came under heavy pressure as traders turned to safe-haven assets ahead of the US presidential elections due November 6. The S&P 500 Index dropped 0.94% to close at 1,414.20. All sectors within the index posted sharp losses. Among gainers, Tripadvisor soared after reporting a 9.3% jump in Q3 earnings. Priceline was also among the top-performers, advancing by 9.05% after posting upbeat Q3 results. Meanwhile, the worst-performers were basic materials and  oil and gas. Allegheny Technologies and Cliffs Natural Resources shed 1.41% and 3.84% while Chesapeake Energy and Anadarko Petroleum sank 7.87% and 0.11% amid weak commodity prices. Meanwhile, Pitney Bowes was the top-loser, declining by 13.05% after declaring a quarterly cash dividend.

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Mon, 05 Nov 2012 15:43:14 GMT

Dow sank ahead of US presidential elections

Dow plunged in a volatile trading session on Friday as investors fled to save-haven assets ahead of the US presidential elections due next week. However, upbeat job reports from the national economy coupled with better-than-expected PMI releases from the eurozone limited the upswing of the US blue chips. The Dow Jones Industrial Average Index sank 1.05% to end the week

Mon, 05 Nov 2012 15:07:14 GMT

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