U.S. shares advance for a sixth straight week

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Source: Dukascopy Bank SA
The U.S. equities posted gains for a sixth consecutive week on Friday on better-than-expected corporate profits after European leaders reached a budget deal. The S&P 500 index increased 0.3% for the week to close at 1,517.93. All but one group in the equity gauge edged higher. Microchip Technology, the leading provider of microcontrollers, posted biggest gains in the gauge as its shares rallied 7.22% to $36.39 contributing to technology sector after posting record sales. Technologic shares rose 1.1%, the most in the S&P 500 index. Furthermore, Dollar Tree, a discount store operator, followed with a 4.21% gain adding to gains in the consumer services sector that was 0.7% up. Meanwhile, Slm Corporation rose 4.19% to $18.66 lifting financial shares that soared 0.4%. Alongside to that, Moody's Corporation, a credit rating, research, and risk analysis company, paired biggest losses in the gauge with its shares slumping as much as 7.7% to $43.37 also supporting financials. Monster Beverage followed with a 2.7% drop to close at $46.84 capping losses in consumer goods sector that was 0.01%
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