US blue chips gained despite weak Japanese data

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Source: Dukascopy Bank SA
The Dow Jones Industrial Average Index added 0.02% to end Monday's session at 13,345.89. Market participants remained cautious ahead of manufacturing data and FOMC statement both due on Wednesday. Weak Japanese export data also dampened the market sentiment.  Four in nine sectors included in the index rose. The best-performers were basic material producers and technology firms. Alcoa and El du Pont de Nemours climbed 1% and 0.85%. Among technology firms, Hewlett-Packard and Intel Corp jumped 1.59% and 0.95% after Apple reported upbeat quarterly results. Industrials were unchanged, with Caterpillar gaining 1.45% and Boeing dropping by 0.42%. Caterpillar rose despite lowering its revenue and profit forecast for the rest of the year. At the same time, telecommunications dragged the US blue chips index lower. AT&T and Verizon Communications slumped 0.17% and 0.86%.


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