S&P 500 adds 0.4% driven by Apple

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Source: Dukascopy Bank
S&P 500 index strengthened to an almost four record high on news Apple Inc prepares to pay dividends and buy back its stock. US benchmark advanced 0.4% or 5.58 points and finished at 1,409.75. Apple surged 2.7% and UPS jumped 3.4% on announcement the company increased its bid for TNT Express NV by 5.6%. Morgan Stanley added 2.7% after lender said it is considering the first corporate bond sale in five months. US steel soared 6.4% after some producers encouraged predictions for improving demand. Sprint Nextel tumbled 4.5% after company was downgraded by Sanford C. Bernstein & Co.

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Tue, 20 Mar 2012 15:13:26 GMT

Dow Jones Industrial Average traded flat on Monday

Dow Jones Industrial Average index traded close to flat on Monday as trading volumes were low and investors paused after recent rally. Blue chip index added 0.05% or 6.51 points and closed at 13,239.13 with energy and financial stocks marking the most notable gains. 17 of 30 Dow stocks ended up in green area. On the upside American Express surged

Tue, 20 Mar 2012 12:55:24 GMT

Loonie strengthens on rally in US markets

Canadian Dollar appreciated close to the strongest value since September as US shares lifted S&P 500 index to four-year record high. Canadian currency, which is highly dependent on global economic expansion and demand for resources, gained 0.5% versus greenback to CAD 0.9869 on Monday. Currently USD/CAD is trading at CAD 0.9878.

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