S&P 500 index 0.3% down on PMI data

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Source: Dukascopy Bank
S&P 500 index declined on Wednesday, pushed down by earnings reports and investor sentiment after gathering news about weaker Chinese and European PMI data. American index lost 0.33% or 4.55 points and closed at 1,357.66. Dell fell 6% after reporting an 18% drop in profit for the quarter ended in January. Land-drilling contractor Narbors reported 4th-quarter revenue and earnings that outperformed analysts' forecasts, bolstering its share price by 7%. Intuit rallied 6% after upgrading its full-year revenue estimates.

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Thu, 23 Feb 2012 14:31:58 GMT

Dow Jones Industrial Average slightly lower as Wal-Mart extends decline

Dow Jones Industrial Average index closed lower on Wednesday as investors remained cautious regarding long term stability of Greece and several companies released earnings reports. Blue chip index fell 0.21% or 27.02 points to 12,938.67. Wal-Mart Stores posted the biggest loss for the index and extended its decline, giving up 2.5%. On Tuesday company reported disappointing 4th quarter profit. Hewlett

Thu, 23 Feb 2012 13:49:00 GMT

Deutsche Telekom predicts a drop in its profits

Deutsche Telekom AG predicts a further decline in its profits this year. The company already has posted EUR 1.34 billion (USD 1.8 billion) quarterly net loss caused by write downs on T-Mobile USA and losses on its Greek business. Company's EBITDA may is likely to drop by 3.7% compared to 2011. Deutsche Telekom, failed to sell its US wireless unit to AT&T Inc. in

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