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  • Tech Companies Lift Dow Jones to Five-Year High - 24 January 2013
  • Technology companies were the driving force behind the Dow Jones industrial average reaching a five-year high on Wednesday, closing at 13,799.33 after rising 67.12 points (0.5 percent). Solid fourth quarter earnings were posted by both Google and IBM late Tuesday, surprising many investors who expected tech companies to battle to meet targets at the end of the year. Buoyed up by sales of software services to Russia and Brazil, members of BRICS, IBM's results exceeded expectations and the tech giant was the Dow’s top mover, gaining $8.64 to close at $204.72. The company also increased its earnings outlook for 2013. Google rose $38.63 to close at $741.50 after reporting higher earnings than anticipated.

  • Fourth Quarter Earnings Season Kicks Off on Positive Note - 10 January 2013
  • In keeping with a long-held tradition Alcoa kicked off the US markets earnings season this week, giving markets a boost on Wednesday by meeting analyst forecasts and predicting an increased demand for aluminum in 2013. Investor response was evident in the three main stock market indexes with the Dow Jones industrial average gaining 61.66 points to 13,390.51, while the Standard & Poor's 500 index advanced 3.87 points to 1,461.02 and the Nasdaq composite climbed 14 points to 3,105.81. Agricultural giant, Monsanto, also boosted markets by reporting a revenue increase of 21 percent to $2.94 billion and earnings per share of $0.62, as well as raising its forecast for 2013.


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