Dow higher on Friday amid rising optimism about the Cyprus bailout plan

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Source: Dukascopy Bank SA
U.S. blue chips surged on Friday on rising hopes Cyprus parliament will approve a plan to pass necessary conditions for receiving a bailout. The Dow Jones advanced 0.6%, or 90.54 points, to 14,512.03. 9 out of 10 sectors and 22 out of 30 companies included in the gauge jumped during the trading session. Consumer services and industrials added 1% both, with Hewlett-Packard Co rallying the most. The company's shares increased 3.2% to $23.04, as it invented a display prototype able to make holographic pictures. Moreover, new printers of the company were added to Guinness World Records. Wal-Mart Stores Inc. followed with a 1.6% rise to $74.28, as the retailer plans to develop a by-telephone purchasing system. Furthermore, 3M Co added 1.4% to $106.42. On the downside, UnitedHealth Group plunged 1.1% to $54.46, capping further increase in health care sector amid uncertainty about the future prospects for the industry. Cisco Systems lost 0.4% to $20.75, yet trading close to its highest level since February 2011. El du Pont de Nemours & Co, a chemical company, slid 0.2% to close at $49.27.

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Mon, 25 Mar 2013 12:26:11 GMT

Nikkei rises on Monday as Cyprus agrees to bailiout pre-conditions

Japanese equities advanced, as Cyprus policy makers agreed to the outlines of a bailout. The Nikkei 225 rose 1.7%, or 207.93 points, to 12,546.46, registering its highest value since September 2008. All sectors included in the gauge posted gains with consumer services and telecommunications adding 3.8% and 2.3%, respectively. 168 out of 225 companies posted gains in their stock prices.

Mon, 25 Mar 2013 12:59:10 GMT

S&P 500 paired second drop on a week on Friday

U.S. equities gained on Friday, yet posting the second weekly decline in 2013 for the S&P 500 Index, as optimism on Cyprus' ability to come up with a bailout plan rose and Nike Inc. and Tiffany & Co. data release on corporate earnings topped analyst estimates. The S&P 500 Index climbed 0.7% to 1,556.89 on Friday. All sectors in the

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