S&P 500

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
U.S. shares gained on better-than-expected Chinese economic data and the recent development in U.S. budget talks. Yesterday Barack Obama met the House Speaker John Boehner face-to-face at the White House. Representatives of the two leaders revealed no details on their proposal, yet stating that both, Obama and Speaker, leave room for a split-the-difference agreement.

The S&P advanced less than 0.1% to 1,418.55. Five out of then industries edged higher within the index with Basic Materials gaining the most, up 0.82%. Among industries shrinking the most were Consumer services and Technology by falling 0.82% and 0.40%, respectively. The shares of Cliffs Natural Resources, Micron Technology and Quanta Services added the most by 4.57%, 3.73% and 3.46%, respectively.  The Cliffs Natural Resources was the first company within the index advanced to pace gains in commodity producers. The Cliffs Natural Resources also gained on high-grade debt sales last Thursday and received strong demand on its five-year bond, whereas the second biggest gainer Quanta Services advanced after Deutsche Bank initiated their shares with a buy rating and increased its price target to $31.00. Meanwhile, Priceline.com, Brown Forman and Expedia lost 5.03%, 4.43% and 3.62%, respectively.

© Dukascopy Bank SA

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