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Commodities Briefing - Categorized | Currencies, Index more

S&P 500 climbs to four-month high while commodities, Euro rally

Posted on 17 August 2012

Greg PetersonStocks jumped, sending the Standard & Poor’s 500 Index to the highest level in four months, as Cisco Systems Inc.’s sales topped estimates, U.S. building permits surged and speculation grew that Spain will get a bailout. Commodities rallied and the euro strengthened.
The S&P 500 rose 0.7 percent to 1,415.51 at 4 p.m. in New York, its highest closing level since April 2. Wheat jumped 1.8 percent and oil topped $95 a barrel for the first time in three months to lead the S&P GSCI Index of commodities to the highest level since May………………………………………..Full Article: Source

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