S&P 500 opens lower

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Source: Dukascopy

On Wednesday S&P 500 gave up 0.2% or 2.54 points up at 1,261.01. On the upside were financials: Morgan Stanley gained 4.58%, Goldman Sachs Group added 3.92% and Bank of America Corp. ascended 1.90%. Nevertheless, U.S. benchmark index opened lower on Thursday. At the moment of writing S&P 500 is trading at 1,252.80 or 0.65% down as ECB president Mario Draghi rejected the idea that ECB could increase purchases of debt-troubled euro-nations.

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Thu, 08 Dec 2011 16:39:31 GMT

Dow Jones swings between gains and losses

After a two-day straight drop, Dow Jones Industrial Average Index gained 0.4% or 46.24 points and closed at 12,196.37 on Wednesday. Gain was mainly supported by a 2.3% increase in JPMorgan Chase & Co. after the bank reported it has decided to buy back extra shares after paying less than supervisors allowed in dividends. Mc Donald's Corp. also boosted index adding 1.4% after company announced

Thu, 08 Dec 2011 16:37:55 GMT

Japan's Nikkei Stock Average gives up 0.66% amid European worries

Japan's Nikkei Stock Average traded down 0.66% or 57.59 and ended trade at 8,664.58. The slight decline can be explained by investors' anxiety regarding Friday's summit and Germany's announcement it will not support two bailout funds. Main losers were Japanese exporters as US Dollar dropped against Japanese Yen. Honda Motor Co. lost 1.8%, and Mitsubishi Motors Corp. declined 3.2%. On the upside were Olympus

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