S&P 500 closed higher on upbeat housing data

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/Reuters
Wall Street closed higher on Tuesday on upbeat US October new-home sales data. However, the upswing was limited as Ben Bernanke pointed out that fiscal cliff may lead to recession. Adding to the negative mood of the equities, investors are cautious ahead of the Greek bailout decision. The S&P 500 Index gained 0.07% to close at 1,387.82. Four in ten sectors within the index moved higher. The top-performers were health care and consumer services sectors. AmerisourceBergen and Becton Dickinson rose 0.27% and 0.51%, while Darden Restaurants and International Game Technology climbed 1.14% and 2%. Meanwhile, News Corp. gained 0.17% after it agreed to buy a 49% stake in Yes Network. On the downside were technology and oil and gas sectors. Apple and Dell fell 0.85% and 1.64%, while Anadarko Petroleum and Apache dipped 0.32% and 1.69%. Apache dropped despite reporting positive preliminary results on drilling in Kaybob Dunvegan. However, experts claimed that results are limited and more data is required before making final conclusion about the success in Kaybob Dunvegan.

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