S&P 500 recovers on Wednesday

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Source: Dukascopy Bank
S&P 500 index rebounded from sharp losses on Tuesday and moved higher on Wednesday as Alcoa posted an unexpected profit. American index gained 0.74% or 10.12 points and finished at 1,368.71. Genworth Financial rallied 3.2% after BTIG LLC upgraded its stock to buy. Owens-Illinois jumped 6.9% after the glass- bottle producer predicted 1st-quarter earnings will advance more than annual 35% citing higher prices and lower costs. Apple slipped 0.4% on e-Book pricing scandal. 

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Thu, 12 Apr 2012 13:28:23 GMT

Dow Jones index adds 0.7% supported by Alcoa

Dow Jones Industrial Average index climbed higher on Wednesday lifted by Alcoa Inc. Blue chip index added 0.70% or 89.46 points and closed at 12,805.3. Alcoa, the biggest US aluminium manufacturer posted an unpredicted profit for the 1st quarter as aluminium orders surged. Instead of expected loss of USD 0.04 a share, Alcoa posted a gain equal USD 0.09 a

Thu, 12 Apr 2012 12:50:50 GMT

EIA: Iranian oil output to tumble by 500,000 barrels per day this year

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