S&P 500 Index jumps, lifted by banks

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Source: Dukascopy Bank
S&P 500 Index rallied on Wednesday supported by the financials on the upside. US benchmark index added 1.11% or 14.37 points and finished at 1,308.04 with all 10 sectors posting gains. Goldman Sachs jumped 6.8% after the bank reported 58% or less than expected drop in profits. Morgan Stanley, which due to report earnings on Thursday morning, also advanced 6.8%. Gains were partly offset by companies that reported disappointing 4th quarter earnings. State Street Corp. tumbled 6.6% and Bank of New York Mellon Corp. plunged 4.56%. 

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Thu, 19 Jan 2012 14:11:07 GMT

Hang Seng advances on PBOC capital injections

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