S&P500 finishes higher for the forth session in succession $XAUUSD
- Published: 05 October 2012
- The market ended the session on a positive note with stocks pushing higher due to encouraging comments from ECB President Mario Dragi. The S&P500 closed in the black for the fourth day in succession as investors look towards tonight's Non Farm Payrolls after the positive ADP Private data
- New claims for unemployment only rose slightly this week and the CBOE VIX Index fell below 15.00 to 14.55 indicating the market is in a positive mood
- The move higher overnight was broad based with financials and materials leading the market higher. Leading the Dow higher was AA, BAC, JPM, VZ and UNH each rallying 3.30%, 3.29%, 2.35%, 2.12% and 1.95% respectively
- Technology giant Google reached another all time high after a rally of 0.73% pushed the stock to close at a record of $768.05 per share
- Social networking giant Facebook managed to rally 0.54% after it announced it had reached over 1 Billion active monthly users on its platform.
- DOW +0.60%, S&P500 +0.72% and NASDAQ +0.45%
- USD was weaker as commodities rallied. The EUR has moved above 1.30
- Gold rose to 11 month highs and Crude bounced strongly to rally 4.00%
