U.S. benchmark indices reach new highs on Tuesday

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Source: Bloomberg
© scanpix/marketplace-nyt
Wall Street traded green on Tuesday as the Fed announced its decision to extend its bond buying program to bolster economic growth. The S&P 500 Index jumped 0.2% to 1,669.16, the highest close ever. The Dow Jones Index increased 0.3% to end at 15,387.58. Gains in the index were capped by Apple Inc. that retreated 0.7% amid report that said the tech company used loopholes to avoid tax payments.
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Wed, 22 May 2013 06:36:03 GMT

Chinese shares edge higher before PMI data release

Chinese equities surged prior to the release of the world's second largest economy's PMI. Among industry groups consumer-goods and property firms posted the biggest gains, offsetting losses for utility and tech shares. The Shanghai Composite Index climbed 0.1% to close at 2,307.74, extending the winning streak for a sixth straight day.

Wed, 22 May 2013 06:02:04 GMT

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