Dow index slightly lower on manufacturing activity concerns

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Source: Dukascopy Bank

Dow Jones Industrial Average index slipped on Monday as the drop in Chicago PMI boosted worries the overall manufacturing gauge on Tuesday also may show slow down. Blue chip index gave up 0.11% or 14.68 points and closed at 13,213.63. Merck & Co posted the biggest gains for the Dow as court ruled company's patent cholesterol drugs Zetia and Vytorin is valid. On the downside banks declined following raising tensions among their European counterparts. Bank of America fell 1.7% and JP Morgan shed 0.8%.


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Tue, 01 May 2012 09:19:46 GMT

Nikkei 225 index down on stronger Yen and earnings

Japan's Nikkei Stock Average fell on Tuesday pushed by appreciating Yen which strengthened on Spain's recession amid several disappointing earnings reports. Nikkei 225 index fell 1.78% or 169.94 points and settled at 9,350.95. Crystal display manufacturer Sharp tumbled 9.3% after predicting a bigger than expected loss. Tokyo Electron fell 8.3% after the chip-equipment producer announced its net income dropped more

Tue, 01 May 2012 08:57:45 GMT

S&P 500 drops 0.4% on Chicago PMI

S&P 500 index closed slightly lower on Monday as data showed Chicago PMI dropped more than expected in April. US index lost 0.39% or 5.45 points and finished at 1,397.91. Humana tumbled 8.1% on news its profit fell 21%. The owner of the New York Stock Exchange NYSE Euronext, faded 5% after reporting that its revenue sharply declined in the

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