S&P 500 posts a third straight weekly gain

Note: This section contains information in English only.
Source: Dukascopy Bank SA
U.S. shares rose for a second consecutive week, with the Standard & Poor's 500 Index trading within 5 points of a record high on better-than-expected retail sales and unemployment claims data that bolstered optimism on the world's largest economy. The S&P 500 Index climbed 0.6% to 1,560.70. Four out of ten groups in the index edged higher. CenterPoint Energy Inc. jumped 7.2% for the biggest rally in the gauge, as the utility company agreed to form a master-limited partnership, paving a way to follow for other utility firms. Furthermore, DIRECTV, a digital television entertainment provider in the U.S., advanced 4.5% to $54.99 to cap further losses in telecommunications shares that slumped 1.1%. Bank of America lifted financials and rose 3.8% to $12.57. On the downside, Intuitive Surgical to drag down health care shares that was 0.3% lower. KLA-Tencor slid 4.2% and closed at $52.65.

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Mon, 18 Mar 2013 11:51:07 GMT

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