U.S. stocks decline on concerns over the Europe's debt crisis

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Source: Dukascopy Bank SA
U.S. equities tumbled on Monday, heading the indexes towards their biggest decline in three months after partial parliamentary election results in Italy hovered concerns about the European debt crisis. The S&P 500 Index declined 1.8% to 1,487.85. All sectors in the gauge inched lower. F5 Networks paired biggest losses in the index, as it fell 3.1% to $89.55 adding to the decrease in health care shares that were 1.2% down. On the downside was also Chesapeake Energy Corp. with a 6.8% drop, trading at $19.11 by its close and pacing losses in the worst performing oil and gas group. The company agreed to sell its stake in an Oklahoma oilfield to a Chinese oil company. The top performer was Amgen Inc., posting a 3% rally, as a drug that competes with Amgen's anemia drug has been taken off the market due to severe allergic reactions of patients. Staples Inc. added 2% to close at $13.54.
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Tue, 26 Feb 2013 09:01:05 GMT

Dow slids as Berlusconi might win the election

U.S. blue chips were red on Monday amid speculation Berlusconi's victory in the Italian parliamentary election would favour political instability in Italy and worsening debt crisis in Europe. The Dow Jones Industrial Average plunged 1.6% to 13,784.17 at its close. All sectors in the gauge paired losses and only two companies among all blue chips posted positive results. McDonald's Corp.

Tue, 26 Feb 2013 08:35:04 GMT

Aussie gains as metal prices increase

The Australian Dollar rose versus most of the major counterparts, halting earlier losses, as increase in metal prices boosted demand for the currency of the South Pacific country. The Aussie added as much as 0.1% to $1.0271 as of 4:36 p.m. in Sydney from a day earlier, when it fell 0.6%. The Currency climbed 0.3% to 94.43 yen, jumping form

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