Dow slumps on Eurozone's concerns

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Source: Dukascopy Bank SA
Dow plunged as weak US factory orders data spurred profit taking after previous rally. Market sentiment was further dampened by political instability in Spain. Spain's PM Mariano Rajoy faced allegations of corruption amid calls for resignation from opposition Socialist Party. Meanwhile, market players remained cautious ahead of the ECB press conference due on Thursday. The Dow Jones Industrial Average Index dived 0.93% to close below 14,000 at 13,880.08. Only one company out of 30 included in the index managed to post mild gain. Boeing climbed 0.45%. Meanwhile, financials and consumer services dropped the most. Travelers Cos and Bank of America slid 2.37% and 1.96%, while Wal-Mart Stores dipped 1.22%. Wal-Mart Stores slumped after J.P. Morgan lowered the firm's share rating to neutral from outperform. Merck & Co also finished in the red territory, down 2.34%, after Leerink Swann downgraded the shares to neutral from outperform, citing a 7.3% drop in Merck's quarterly earnings.
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Tue, 05 Feb 2013 14:32:03 GMT

Nikkei tumbles, Nippon Sheet Glass limits losses

Japanese equities gave back previous gains on renewed concerns over the Eurozone's debt crisis. Yields on Italian and Spanish bonds soared on Monday amid allegations of Spain's PM Mariano Rajoy of corruption. Weakness of the US stock market coupled with profit taking after a five-day winning streak also pushed Japan's stock index lower. The Nikkei 225 Index plunged 1.90% to

Tue, 05 Feb 2013 13:38:04 GMT

US stocks plunged after factory orders data

US stocks closed sharply lower on Monday after a dismal report on the US factory orders. US factory orders rose 1.8% in December, compared to estimates of a 2.3% increase. Turmoil in the Eurozone also weighed. The S&P 500 Index slumped 1.15% to close at 1,495.71. All industries declined. On the upswing was Humana, the second best performer in the

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