Dow climbed 0.39% on Tuesday

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Source: Dukascopy Bank SA
Dow Jones Industrial Average Index rallied on Tuesday, being boosted by strong performance of the broader S&P 500 Index. Pushing the US blue chips higher, German investor confidence improved more than expected last month. Meanwhile, market players remained focused on upcoming FOMC minutes due on Wednesday. The Dow Jones Industrial Average Index climbed 0.39% to close at 14,035.67. Six out of nine industries included in the index soared. The top-performers were oil and gas and consumer goods industries. Among oil and gas companies, Exxon Mobil and Chevron Corp jumped 1.09% and 0.84% amid higher crude oil prices. Among consumer goods, Procter & Gamble Co and Coca-Cola Co shot up 1.10% and 0.67%. Meanwhile, the largest gains posted Cisco Systems Inc and General Electric Co, surging 2.24% and 1.98%. Dragging the US blue chips index lower, Alcoa slumped 2.79% despite speculation that aluminium producer moved closer to resolve labour conflict at its ABI smelter in Quebec.
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Wed, 20 Feb 2013 15:36:04 GMT

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