US markets post largest back to back gains for the year $X:xnys
- Published: 30 April 2012
- US markets were stronger overnight after comments from the Federal Reserve and Bank of Japan, indicated they would continue to stimulate growth
- Hewlett Packard rallied 7.2 per cent, the most in 3 years to lead gains in the Dow, whilst Caterpillar, Alcoa and Boeing all rallied at least 2.4 per cent
- Google posted better than expected profit results to close 2.4 percent at the close of the session following on from positive results from Alcoa and HP
- DOW 181.2 pts, S&P 500 18.86 pts and NASDAQ 39.09 pts
- Commodities posted strong gains as nickel and silver jumped at least 2.6 percent with gold also pushing higher by 1% to close at $1675.20 per ounce. Oil added 0.9 percent to close at $103.64 per barrel
- The yen slid against all 16 most traded peers and the dollar fell versus all but the yen. The AUDUSD climbed yesterday on positive market sentiment and better than expected employment numbers
- Yields on US 10 year notes rose for the second straight day after dipping below 2 percent for the first time in a month after the renewed concern on European debt concerns earlier in the week
Published by Spectrum Live Pty Ltd | www.spectrumlive.com
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