S&P 500 index 0.3% down on Friday

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Source: Dukascopy Bank
S&P 500 index closed lower on Friday pushed down by energy shares. US benchmark index lost 0.33% or 4.46 points and closed at 1,369.63. Big Lots tumbled 4% after retailer lowered its earnings forecasts. Peabody Energy slumped 6.5% after Iranian media said  an explosion took place at Saudi Arabia pipeline. Saudi Arabia rejected the news. Alpha Natural Resources fell 5.7% after Moody's downgraded company's credit rating outlook from stable to negative citing accelerating costs and weaker demand for coal. 

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Mon, 05 Mar 2012 12:20:42 GMT

Dow Jones Industrial Average index

Dow Jones Industrial Average index traded close to flat on Friday as investors remained cautious about developments in Iran and awaited February employment report. Blue chip index edged down 0.02% or 2.73 points at 12,977.57 with 15 of 30 shares posting loss. American Express  and IBM provided main downside contribution slipping 1% and 0.8% respectively. On the positive territory AT&T

Mon, 05 Mar 2012 11:19:40 GMT

Crude oil rallies on the Canada's pipeline fire

Crude oil futures gained a spree during the Asian trade on Monday following the Enbridge's report on the fire at its pipeline in Illinois. Moreover, Barack Obama announced that the country may use military force to defend the interests of US in dealing with Iran. Light, sweet crude oil futures for April delivery traded at 107.17 US Dollars per barrel

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