Dow Jones Industrial Average added 0.3% on Friday

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Source: Dukascopy Bank
Dow Jones Industrial Average index edged higher on Friday though the gains were limited as data showed the sales of new homes in US unexpectedly fell 1.6% in February. Blue chip index appreciated 0.27% or 34.59 points and settled at 13,080.73 with 19 of 30 shares posting gains. After long period of decline Hewlett Packard retreated and traded 2.6% up. Bank of America also surged 2.6% while J P Morgan Chase advanced 1.1%. On the downside Verizon Communications and AT&T each declined 0.6%.

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Mon, 26 Mar 2012 11:42:45 GMT

Precious metals rebounced on Friday on the weaker US Dollar

Precious metals rebounded on Friday after posting losses for the previous days. Broadly weaker US Dollar and stronger equities both created a fresh stimulus for the precious metals rally. Gold managed to climb from the 10-week low after the ECB increased its bond purchases. Moreover, slowing Indian growth that may force the government to ease monetary policy continued to lend

Mon, 26 Mar 2012 16:42:46 GMT

S&P 500 retreated on Friday

After three straight red sessions S&P 500 index retreated and traded slightly higher on Friday supported by financial and energy shares. US benchmark added 0.31% or 4.33 points and finished at 1,397.11. Discover Financial and Nabors Industrials each climbed 4% posting the biggest gains for the index. On the downside Micron Technology shed 3.8% after company revealed larger than expected

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