S&P 500 index rebounds on Greek vote

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Source: Dukascopy Bank
S&P 500 index erased gains during Monday trade on news Greek parliament finally approved austerity plan to secure bailout funding. US benchmark jumped 0.68% or 9.13 points and settled at 1,351.77. Apple gained 1.9% after company said the working conditions at the plants of its suppliers have been investigated. First Solar fell 5%, after Brigantine Advisors downgraded its stock from buy to hold. AmerisourceBergen declined 3.6% after its CFO M. DiCandilo decided to quit. 

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Tue, 14 Feb 2012 10:50:36 GMT

Dow Jones Industrial Average index finishes 0.6% up on Monday

Dow Jones Industrial Average Index rebounded from previous drop on Monday on Greece vote. Blue chip index added 0.57% or 72.81 points and closed at 12,874.04 supported by banks and other growth dependent stocks. 25 of 30 company shares posted gains on February 13. Bank of America gained 2.2% and JP Morgan Chase advanced 1.8%. Caterpillar and United Tech each

Tue, 14 Feb 2012 09:42:30 GMT

India's inflation slowed to 26 month record low

India's consumer price index decelerated in January, marking 26 month record low. Country's inflation rate was 6.55% in January compared to 7.47% in previous month. Economists questioned by Bloomberg predicted the wholesale price index to reach 6.7%. Slowing inflation puts pressure on the Reserve Bank of India to cut nation's benchmark interest rates. 

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