Dow advances on expectations for more stimulus programs

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Source: Dukascopy Bank SA
U.S. blue chips advanced on Thursday, as central banks started talks on new stimulus programs to boost the economic growth. The Dow Jones Index rose 0.4% to 14,606.11 points, despite disappointing data on the U.S. economy. Eight out nine sectors in the index increased with telecommunications and financials adding 1.1% and 0.9% for the two biggest increases on Dow. 24 out of 30 companies posted gains in their share prices. Hewlett-Packard Co surged 1.8% to $22.30 after the company's chairman Raymond Lane stepped down because of shareholders' dissatisfaction with the acquisition of Autonomy Corp. AT&T Inc. jumped 1.7% to $37.91, as the telecommunications operator launched a new smartphone in cooperation with Facebook and HTC. McDonald's Corp closed the top-three performers list with a 1.4% climb to end at $100.63. Meanwhile, Cisco Systems Inc. lost 0.7% to $21.04, pushing the technology sector into the red zone. IBM Corp and Alcoa Inc. declined as much as 0.6% to trade at $211.31 and $8.22, respectively.  

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