S&P 500 index lower despite jobs data

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Source: Dukascopy Bank
Despite positive US jobs data, S&P 500 index extended losses on Thursday in line with analyst expectations as investors kept holding a pause after sharp rally in first three months. US benchmark fell 0.72% or 10.11 points and closed at 1,392.78 with nine of ten sectors posting substantial losses. Watson Pharmaceuticals rallied 3.8% on reports it is in talks to purchase European peer Actavis for around USD 7 billion. The shares of Discover Financial Services added 2.7%, after the company reported a 36% increase in its 1st-quarter net income.

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Fri, 23 Mar 2012 12:27:06 GMT

Dow Jones Industrial Average tumbles 0.6% on global growth concerns

Dow Jones Industrial Average index closed lower on Thursday led by energy and industrial shares as weaker than expected PMI data from China and Europe weighed on investor sentiment. Blue chip index lost 0.6% or 78.48 points and settled at 13,046.14 with growth dependent stocks contributing most to the downside. Caterpillar and Chevron dropped 2.4%, while Alcoa Inc fell 2.5%.

Fri, 23 Mar 2012 11:16:18 GMT

US shares extend losses in line with analysts predictions

US stocks prolonged losses on Thursday in line with analyst expectations as investors kept holding a pause after sharp rally in first three months. S&P 500 index dropped 0.72% or 10.11 points and closed at 1,392.78, Dow Jones Industrial Average slipped 0.6% or 78.48 points to 13,046.14 and Nasdaq Composite fell 0.39% or 12 points and settled at 3,063.32.

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