Dow Jones Industrial Average adds 0.8% on hopes for stimulus

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Dow Jones Industrial Average retreated from yesterday's loss and traded higher on Tuesday supported by financials and other growth dependent companies which hoped for extra stimulus from Fed. The decision is due to be announced today. Blue chip index gained 0.75% or 95.51 points and ended at 12,837.33. Bank of America surged 4.5% after Federal Housing Finance Agency announced it is going to help lenders avoid being forced to buy back mortgages. The lenders has climbed 46% this year.

Back to articles

Actual Topics

Wed, 20 Jun 2012 12:00:00 GMT

Cable held steady ahead of BoE comments

On Wednesday, the British Pound held steady versus the U.S. Dollar, as traders eyed upcoming comments from the Bank of England. GBP/USD hit the bottom at 1.5774, and consolidated at 1.5729, gaining 0.02% in the European early trading hours. The pair's support was likely to be found at 1.5614, while near-term resistance could be at 1.5756.

Wed, 20 Jun 2012 12:11:00 GMT

S&P 500 index hit one-month record high on Tuesday

S&P 500 index experienced a relatively successful session on Tuesday and hit a one-month record high as investors awaited the Federal Reserve will confirm additional measures to support struggling economic growth. US benchmark added 0.98% or 13.20 points and finished at 1,357.98. Energy shares supported index on the upside. US Steel extended rally and added 9.5% on better home construction

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.