S&P 500 climbs on Friday as investors alley amid Fed's announcement

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Source: Dukascopy Bank SA
U.S. shares were bullish on Friday, supported by sound results from Hewlett-Packard Co. In addition, concerns over Federal Reserve's Policy faded. The S&P Index rallied 0.88%, yet posting a 0.3% decline on the week. All sectors in the gauge edged higher. Hewlett-Packard took the market leader position with its shares jumping 12.3% to $19.20 after the PC maker posted strong fourth quarter results that topped the estimates. Cabot Oil & Gas Corporation rallied 11.1% and lifted the oil and gas group that was 1% up. Furthermore, Texas Instruments Inc. added 5.2% to $34.18, as the company increased its dividend payment. On the downside was Abercrombie & Fitch Company that lost as much as 4.5% and capped gains in consumer services shares that were 0.5% higher. Netflix followed with a 3.9% slump and held further gains in the telecommunications group, while Lorillard eased 3.8% to close at $41.15.
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