Dow Jones Industrial Average Index climbs, lifted by home builder sentiment

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Source: Dukascopy Bank
Dow Jones Industrial Average Index surged on Wednesday, as investors anticipated growing optimism among US home builders amid news IMF agreed to grant additional loan program. Blue chip index climbed 0.78% or 97 points to 12,578.95 with 26 of 30 shares posting gains. Among the main winners were banking shares as Bank of America jumped 4.94% and JPMorgan Chase advanced 4.67%. On the downside Procter & Gamble modestly declined, giving up 0.35%. 

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Thu, 19 Jan 2012 14:11:07 GMT

Hang Seng advances on PBOC capital injections

Hong Kong's Hang Seng Index climbed 1.30% or 256.03 points on Thursday to 19,942.95, led by financial stocks, as investor sentiment was fuelled by PBOC announcement about capital injections in the market are easing of lending and reserve restrictions. China Construction Bank Corp added 2.7% and insurer AIA Group surged 3.2%. Commodity stocks also rallied in Hong Kong's stocks exchange

Thu, 19 Jan 2012 13:33:58 GMT

S&P 500 Index jumps, lifted by banks

S&P 500 Index rallied on Wednesday supported by the financials on the upside. US benchmark index added 1.11% or 14.37 points and finished at 1,308.04 with all 10 sectors posting gains. Goldman Sachs jumped 6.8% after the bank reported 58% or less than expected drop in profits. Morgan Stanley, which due to report earnings on Thursday morning, also advanced 6.8%.

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