S&P 500 tops 1400 first time since 2008

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Source: Dukascopy Bank
S&P 500 index rallied on Thursday supported by a drop in US unemployment claims and a report which showed production in New York region surged in February. US index climbed 0.60% or 8.32 points and finished at 1,402.60, surpassing 1400 points first time since 2008. Advanced Micro Devices gained 6.3%. The giant manufacturer of processors for PCs was upgraded from hold to buy by Jefferies. Railroad company Csx Corp rocketed 8.5% on news it predicts record first quarter revenue.  

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Fri, 16 Mar 2012 13:20:40 GMT

Dow Jones Industrial Average index edges higher on US jobs data

Dow Jones Industrial Average index extended gains on Thursday lifted by improved investor sentiment after better than expected US jobs and manufacturing data. Blue chip index surged 0.44% or 58.66 points and closed at 13,252.76 led by heavyweight banks. Bank of America jumped 4.5% and JP Morgan advanced 26%. On the downside Cisco Systems fell 1.4% on news computer network

Fri, 16 Mar 2012 12:40:03 GMT

US Wholesale prices climbed in February

US wholesale prices advanced 5-month record high in February mirroring a surge in oil prices. The PPI index jumped 0.4% after a 0.1% increase in January, said Labor Department on Thursday. Economists questioned by Bloomberg expected a 0.5% gain. Core PPI excluding energy and food climbed 0.2%. 

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