S&P 500 down from its record high

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Source: Dukascopy Bank SA
Most U.S. blue chips dropped, pushing down the Standard & Poor's 500 index from its seven-day high. Experts say that the market might be tired after setting a record high. The S&P 500 slid 0.2% to 1,552.48 after touching its highest in more than five years yesterday. Seagate Technology jumped nearly 9% to $34.94 for the biggest gain in the benchmark index to cap losses in technology shares. Furthermore, Valero Energy Corporation led gains in the oil and gas sector that was 0.2% up, as is share price increased by 4.2% to trade at $45.55. The shares went down, as the company's Benicia refinery shut a hydrocracker. Western Digital Corporation followed with a 4.1% rally to close at $49.90. On the downside, Red Hat Inc. that slumped as much as 5% to drag down technology shares, as its stock rating was downgraded to neutral from buy at Citigroup on speculation the company lacks sources of new revenue growth.
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Wed, 13 Mar 2013 07:10:04 GMT

Dow closes higher for an eighth straight day

U.S. equities fluctuated between gains and losses on Tuesday, as investors sat on the sidelines after a session string of gains, sending the technical shares lower. However, the Dow Jones Industrial Average climbed less than 0.1% to 14,450.06, extending its gains for an eighth consecutive day. Four out of nine sectors in the gauge edged higher. Merck & Co contributed

Wed, 13 Mar 2013 14:07:46 GMT

AUD/USD retests the 20-day SMA

During Friday's trading session the pair sharply dropped to the weekly PP level at 1.0209, but today the pair has already regained its position and even surged above the 20-day SMA, which is currently located at 1.0257.

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