Dow moved lower after Bernanke comments

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Dow eased down on Tuesday as market players were cautious after Ben Bernanke warned that fiscal cliff may result in recession. However, hopes that the eurozone's finance ministers will reach a consensus on Greek bailout terms as well as positive data from the US real estate market lent support for US blue chips. The Dow Jones Industrial Average Index lost 0.06% to close at 12,788.51. Four in nine sectors posted gains. Health care and consumer services were the top-performers, climbing 0.53% and 0.62%. Johnson & Johnson and Merck rose 0.61% and 0.51%, while McDonald's added 0.75%. At the same time, technology firms dragged the US blue chips index lower. Intel, IBM and Hewlett-Packard tanked 3.65%, 0.6% and 11.95%, respectively. Hewlett-Packard dropped after reporting an USD8.8 billion asset impairment charge due to accounting irregularities related to acquisition of Autonomy Corp. in 2011. Oil and gas firms also retreated amid weak crude oil prices. Chevron and Exxon Mobil fell 0.76% and 0.19%.


Back to articles

Actual Topics

Wed, 21 Nov 2012 15:25:41 GMT

U.K. borrows more than expected in October

The U.K. borrowed more than expected last month, causing challenges to finance minister George Osborne, who pledged to drag down the deficit and avert the economy from potential recession. He set a goal of declining the full-year public sector net borrowing to 120 billion pounds.According to the Office for National Statistics the public sector net borrowing surged 5.937 billion pounds

Wed, 21 Nov 2012 19:50:58 GMT

Belgium consumer confidence the worst since 2009

The National Bank of Belgium reported Belgian consumer confidence dropped in November, touching its lowest level in three years. The consumer sentiment indicator fell to -24 from -17 the prior month, showing the biggest month-on-month decline since November 2011. The consumer's confidence index was dragged down mainly by consumers' negative view on the nation's current economy and growing concerns over rising employment paring with companies' restructuring

Wed, 21 Nov 2012 15:47:59 GMT

S&P 500 closed higher on upbeat housing data

Wall Street closed higher on Tuesday on upbeat US October new-home sales data. However, the upswing was limited as Ben Bernanke pointed out that fiscal cliff may lead to recession. Adding to the negative mood of the equities, investors are cautious ahead of the Greek bailout decision. The S&P 500 Index gained 0.07% to close at 1,387.82. Four in ten

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.