S&P 500 posts record close as Europe’s debt concern eases $AUDGBP
- Published: 03 April 2013
- The S&P 500 climbed 0.5% to close at 1570.25 after concern over Europe’s debt crisis eased and U.S factory orders beat forecasts.
- Cyprus has been granted an extra 2 years, until 2018, to implement the measures linked to its bailout. U.S factory orders rose three percent, the biggest in five months.
- Humana Inc. (HUM) jumped 5.5 percent as health-care providers rallied the most among the ten groups in the S&P 500, after medical insurers won and increase in a key Medicare payment
- DOW +0.61% S&P500 0.52% and NASDAQ +0.48%
- The Australian Dollar advanced as the Reserve Bank of Australia kept its key interest rate unchanged at 3.0 percent. The Aussie Dollar gained 0.3 percent to $1.0450 and advanced 0.5 percent to 97.64 against the yen.
- West Texas Intermediate crude oil rose as U.S. equities surged after data showed U.S. factory orders exceeded forecasts, signaling increasing economic growth and fuel demand. WTI crude oil for May delivery climbed 12 cents to settle at $97.19 a barrel at close on the New York Mercantile Exchange.
