News from across the continent
29/11/2012 09:30:14 PM
29/11/2012 05:44:31 PM
29/11/2012 04:28:55 PM
29/11/2012 01:37:30 PM
29/11/2012 09:15:19 AM
29/11/2012 12:51:06 AM
28/11/2012 10:40:38 PM
28/11/2012 05:31:48 PM
Publish Date29/11/2012 09:30:14 PM
Since that the stock market opened till it closed we only saw its shares rise to close the day in green as optimism persisted along the day amid hopes than an agreement over the federal budget will be made as soon as possible while that the second reading for third quarter Gross Domestic Product, showing an expansion of 2.7%, slightly missing the estimate of 2.8%, compared to the prior reading of 2.0%.
Plus the country`s jobless claims report showed a drop in unemployment beneficiaries, missing the analyst`s estimates, while the Housing Sector showed a notable improvement as Pending Home Sales reached its highest since May, which might have had the positive effect on Wall Street.
Accordingly as of 16:02 pm New York time, The Dow Jones Industrial Index rose by 36.71 points or 0.28% to 13021.82 points, while S&P 500 increased by 6.03 points or 0.43% to 1415.97 points, whereas the Nasdaq Index rose by 20.25 points or 0.68% to 3012.03 points.
As for the Dollar Index, which measures the value of the U.S dollar against six other majors, including the Euro, Yen, and Pound Sterling, opened at 80.32 and retreated to trade around 80.18, and reached a high of 80.35 and low of 80.02.
Moreover, Gold price inched up slightly to trade around $1724.82 per ounce, after opening at $1722.52 per ounce, while Crude Oil prices have increased and trading around $88.35 per barrel, after opening at $86.67 per barrel.
Opinions expressed at ICN.com are those of the individual authors and do not necessarily represent the opinion of ICN.com or its management, shareholders, affiliates and subsidiaries. ICN.com has not verified the accuracy of any claim or statement made by any independent writer and is reserved as their own and ICN.com is not accountable for their input. Any opinions, news, research, analysis, prices or other information contained on this website, by ICN.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. ICN.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market prices, meaning prices are indicative and not appropriate for trading purposes. ICN.com does not bear any responsibility for any trading losses you might incur as a result of using this data.
©2012 ICN.COM. ALL RIGHTS RESERVED