S&P 500 slightly higher on Friday

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Source: Dukascopy Bank
S&P 500 index modestly climbed on Friday as gains were limited by an unexpected drop in consumer confidence in March. US index added 0.11% or 1.57 points and closed at 1,404.17 with energy shares posting the biggest gains. Consol Energy jumped 5.2% and Peabody Energy advanced 4.9%. On the downside Pultegroup fell 3.3% and Ford Motor lost 3%. On weekly basis however, S&P 500 has appreciated 2.4% lifted by Apple Inc which issued new iPAD and JPMorgan that passed stress tests and raised its dividend. 

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Mon, 19 Mar 2012 11:09:38 GMT

Dow Jones Industrial Average down of Friday but up for the week

Dow Jones Industrial Average index slightly declined on Friday as unpredicted fall in US consumer sentiment weighed down on shares. Blue chip index slipped 0.15% or 20.14 points and settled at 13,232.62 with industrial and consumer service sectors creating the biggest losses. On the upside the main gainer was Bank of America which rallied 6% on news its proportion of

Mon, 19 Mar 2012 10:07:23 GMT

US consumer sentiment unexpectedly declined in March

US consumer confidence unexpectedly fell in March as surging crude prices boosted inflation expectations among customers.  The preliminary reading estimated by Thomson Reuters/University of Michigan's fell from 75.3 in February to 74.3 in March. Economists earlier predicted an increase to 76.0. US shares declined on the data.

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