S&P 500 fuelled by Microsoft on Friday

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Source: Dukascopy Bank
S&P 500 Index slightly rose on Friday, closing near 6-month record high, lifted by positive earnings reports from Microsoft and IBM. US benchmark climbed 0.1% or 0.9 points and finished at 1,315.38. Financials and technology stocks posted the biggest gains. Microsoft stocks jumped 5.7%, after the company told the sales of Xbox games and Office software created stronger than expected sales in the last quarter. Main loser was Google whose shares plunged 8% after company failed to meet earning forecasts. On weekly basis S&P 500 surged 2%. 

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Mon, 23 Jan 2012 14:59:10 GMT

Dow Jones Index up on IBM earnings report

Dow Jones Industrial Average Index soared on Friday, supported on the upside by technology stocks. The blue chip index improved 0.8% or 96.50 points and settled at 12,720.48. IBM provided significant contribution to the index, as company's stocks rallied 4.43% after IBM told its 4th quarter earnings added 4.4% and predicted its 2012 earnings to climb above expectations. Intel Corp.

Mon, 23 Jan 2012 12:00:47 GMT

European shares modestly down on Friday, up for the week.

European stocks closed lower on Friday, as investors anticipated negatively the lingering Greek debt talks. On weekly basis, however, most stocks gained. Stoxx 600 ended 0.3% down at 255.85, while UK FTSE 100 closed 0.2% lower at 5,728.55. Both French CAC 40 index and German DAX also finished 0.2% down at 3,321.50 and 6,404.39 respectively. 

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