S&P 500 declines on Fed announcement

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Source: Dukascopy Bank
S&P 500 index retreated on Tuesday as Federal Reserve muffled the hopes for extra monetary stimulus. US index fell 0.4% or 5.66 points and closed at 1,413.38. Molson Coors Brewing tumbled 5.4% on news the company made an USD 3.5 billion investment in 9 European breweries. Express Scripts Inc. rallied 3.9% after completing its USD 29.1 billion acquisition of Medco Health Solutions. Morgan Stanley shed 2.2% after Fed accused lender in abusing customers during the foreclosure processes.  

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Wed, 04 Apr 2012 10:00:21 GMT

Dow Jones index slips as Fed abandons further easing

Dow Jones Industrial Average index dropped on Tuesday after Fed executives expressed concerns about slower hiring and refused to purchase more bills to boost economy. Blue chip index lost 0.49% or 64.94 points and finished at 13,199.55 with all nine sectors posting loss. Financials provided the main downside effect with Bank of America slipping 2% and JP Morgan & Chase

Wed, 04 Apr 2012 10:34:29 GMT

Japan's vehicle sales surged by 78.2% last month

Japanese automobile sales soared by 78.2% in March on a yearly basis, reported the Japan Automobile Dealers Association. The government's subsidies for 'green' cars essentially contributed to the sales increase. Toyota was the leading company in sales of the new cars while Nissan and Honda occupied second and fourth place, respectively.

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