S&P 500 index rallies on jobs data

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Source: Dukascopy Bank
S&P 500 index rallied on Thursday as investors anticipated news the jobless claims fell to a three-year record low in January while housing starts surged. US benchmark jumped 1.1% or 14.81 points and finished at 1,358.04 with all 10 sectors posting gains. J.M. Smucker tumbled 8% after its net income and revenue missed estimates. The company raised prices for Jif peanut butter and faced a 10% drop in sales. Nettapp rocketed 7% and Cisco Systems Inc added 1.4% after beating earnings estimates. 



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Fri, 17 Feb 2012 11:43:57 GMT

Dow Jones Industrial Average index climbs on housing data

Dow Jones Industrial Average Index recovered on Thursday on positive job and housing data amid renewed optimism about Greece, as country expects to get bailout approval on February 20. Blue Chip index advanced 0.96% or 123.13 points and closed at 12,904.08 with 29 of 30 stocks posting gains. Microsoft led the gains, jumping 4% on news S&P is likely to

Fri, 17 Feb 2012 11:09:02 GMT

Aussie and Kiwi gain on Greece hopes

The New Zealand and Australian Dollars maintained weekly advances on news ECB is exchanging Greece's bills for new securities. Kiwi gained extra upward momentum as A. Bollard, New Zealand central bank's Governor claimed nation's economic performance to be understated. Kiwi appreciated 0.5% against US Dollar to USD 0.8368 while Aussie gained 0.2% to USD 1.0775. Currently AUD/USD is trading at USD

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