S&P 500 ends almost flat on Monday

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Source: Dukascopy Bank
S&P 500 index traded nearly flat on Tuesday as investors attempted to incorporate into share prices the outcomes of French and Greek elections. US benchmark added 0.04% or 0.48 points and closed at 1,369.58. Cognizant Technology Solutions tumbled 19% as the IT services firm cut its estimate for the full year citing low demand. Frontier Communications lost 7% after telecommunications provider reported it was losing business and residential clients. Meat products producer Tyson Foods jumped 3.3% after posting an increase in its 2nd-quarter profit on climbing chicken and beef prices. 

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Tue, 08 May 2012 09:05:04 GMT

Dow slips 0.2% on Monday

Dow Jones Industrial Average index traded edged lower on Monday as the victory of anti-bailout forces in Greece and socialist President in France weighed on investor sentiment. Blue chip index fell 0.23% or 27.74 points and closed at 13,008.53. Walt Disney jumped 2% after its movie The Avengers earned $80.5 million in its local debut on Friday. Bank of America

Tue, 08 May 2012 08:32:04 GMT

Gold edged down amid stronger US Dollar

Gold slid at Asian trade on Tuesday as traders turned to the traditional Euro Zone's uncertainty hedge, the US Dollar, after results of the weekend's elections raised risk of the region falling back into recession. COMEX gold June contract traded at 1,637.85 US Dollars per troy ounce on the New York Mercantile Exchange, declining by 0.08%.

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