US stocks closed higher on Friday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
US stocks rallied on Friday on encouraging economic data releases from Germany and hopes that Black Friday boosted retail sales. German business confidence unexpectedly climbed in November, stimulating demand for riskier assets. US equities also found support on signs that China's growth is back on track due to easing measures implemented this year. The S&P 500 Index surged 1.3% to end the week at 1,409.15. All but one sector included in the index jumped. The top-performers were technology and consumer goods sectors. Shares of Apple, Cisco Systems and Dell climbed 1.74%, 1.95% and 5.41%, respectively. Retailers soared, with Gap, Best Buy and Family Dollar Stores adding 1%, 1.12% and 1.85%, respectively. Lenders also were bullish, with BB&T and Comerica climbing 1.52% and 1.81%. On the downside were utilities. Ameren, Wisconsin Energy and Edison International slumped 0.59%, 0.71% and 0.75%, respectively.

Back to articles

Actual Topics

Mon, 26 Nov 2012 12:30:11 GMT

Dow advanced on China's optimism

Dow jumped on Friday amid optimism over Chinese economy. Morgan Stanley predicted China's economy to expand by 8.2% next year and by 8% in 2014, citing positive impact of recent easing measures of the government. Moreover, upbeat German business sentiment figure lifted US blue chips. The Dow Jones Industrial Average Index surged 1.35% to close at 13,009.68. All sectors climbed.

Mon, 26 Nov 2012 13:14:15 GMT

European stocks fall before European finance ministers meeting

European stocks fell before Eurozone's finance ministers meet for a third time to discuss Greece's finances. The Stoxx Europe 600 Index dropped 0.2% to 272.73, after jumping 4% last week on optimism that the Congress will agree on the U.S. budget. Futures on the Standard & Poor's 500 Index lost 0.4% todays, whereas the MSCI Asia Pacific Index rose 0.4%. 

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.