US stocks moved higher on Monday

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Source: Dukascopy Bank SA
US stocks traded higher on Monday on encouraging manufacturing activity data. Positive news from Spain also boosted US equities. The S&P 500 Index rose 0.27% to end the session at 1,444.49. Seven out of ten sectors included in the index climbed. The top-gainers were health care and consumer goods, adding 0.60% and 0.56%. Aetna, AmerisourceBergen and Cardinal Health advanced 0.53%, 0.72% and 1.36%. Among consumer services providers, Devry and  Wyndham Worldwide gained 5.67% and 0.74%. Meanwhile, Goldman Sachs added 2.80% after Barron's stated that investors are pessimistic on the bank's prospects.  At the same time, utilities dragged the index lower. Ameren and CenterPoint Energy slid 0.52% and 0.70%. Tyco International was the top-loser, plunging 49.34% after it completed merger with Pentair and agreed to pay penalty of USD26.8 million for bribing Saudi Arabia's officials.

 

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Tue, 02 Oct 2012 16:11:43 GMT

US blue chips climbed after positive PMI reading

US blue chips climbed on Monday amid positive manufacturing activity data from the national economy. The Institute of Supply Management reported that its manufacturing PMI climbed to 51.5 in August compared to 49.7 in the preceding month. A reading above 50 indicates expansion of the manufacturing sector. Rising optimism over Spanish bailout also contributed to the US blue chips' rally.

Tue, 02 Oct 2012 14:42:49 GMT

European stocks advanced on Tuesday

European stocks advanced on Tuesday, amid reports that Spain is moving closer to asking for a full bailout. The Stoxx Europe 600 Index added 0.2% to 272.84; French CAC 40 Index jumped 0.25% to 3,442.99, while German DAX 30 Index added 0.4% to 7,354.59. At the same time, investors are waiting for the outcome of Moody's review of Spain's credit rating, which could be cut

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