U.S. stocks rose for the week, reversing losses on the final day, as a rally in JPMorgan Chase & Co. (JPM) and speculation China will boost stimulus measures tempered concern about earnings and the global economy.
JPMorgan jumped 6.4 percent for the week as Chief Executive Officer Jamie Dimon said the bank will probably post record earnings for 2012 even after reporting a $4.4 billion trading loss. Procter & Gamble Co. (PG) surged 6.2 percent for the second- biggest gain in the Dow Jones Industrial Average. Technology and raw-material shares in the Standard & Poor’s 500 Index slumped more than 1.2 percent amid concern a slowdown in the global economic recovery will damp demand.
The S&P 500 gained 0.2 percent to 1,356.78 for the week. The index jumped 1.7 percent on July 13 after falling for six consecutive days. The Dow added 4.62 points, or less than 0.1 percent, to 12,777.09 during the week.
The Tadawul All-Share Index (TASI) continued its upward march for the third con
Banks Sector Drives DFM Index Higher
The DFM General Index dug in at 2,352.21 points on Sunday 20th May 2013.The index spending almost the entire session in the green zone added 56.20 points or 2.45 percent.
Market Cap indices
Key Sectors Lead Gains at Qatar Exchange
The QE Index continued pacing its way higher throughout the day to close Sunday’s (20th May 2013) trading in the green territory at 9,009.43, achieving 1.03 percent or 92.53 points for the session. <