S&P 500 climbs on Fed decision

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Source: Dukascopy Bank
S&P 500 Index surged on Wednesday on Federal Reserve announcement, the institution will keep its key interest rate low by the end of 2014. US benchmark index climbed 0.87% or 11.41 points and finished at 1,326.06, with all 10 sectors posting gains.  Apple shares extended gains, climbing 6% on excellent earnings report. On the downside Wellpoint Inc. dropped 4.76%, as health insurer reported a 39% decline in quarterly profit. US Dollar depreciated on Fed announcement. S&P 500 index is 5.4% on year to day basis. 

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Thu, 26 Jan 2012 11:16:26 GMT

Dow Jones Industrial Average Index lifted by Fed announcement

Dow Jones Industrial Average Index recovered on Wednesday, lifted by Bernake's announcement Fed will leave interest rates close to zero till late 2014 instead of 2013. Federal Reserve also is considering the third asset purchase program. Blue chip index surged 0.64% or 81.21 points and settled at 12,756.96, reaching 8-month record high. The main gainer was Caterpillar Inc. which jumped

Thu, 26 Jan 2012 11:50:09 GMT

European markets down on Wednesday

European shares closed lower on Wednesday, weighted by Novartis and Ericsson as both companies reported sharp declines in profits. Stoxx 600 index lost 0.4% and closed at 254.95 and CAC 40 index ended 0.3% down at 3,312.48. FTSE 100 gave up 0.5% and finished at 5,723.00. Only German DAX performed better and traded flat at 6,421.85. 

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