US Indices Push Forward as Oil Falls to New 2013 Low on China Concerns

By: , dated March 4th, 2013
On Monday the major US indices finished with gains despite earlier losses stemming from concerns over China's new announcement of property-buying restrictions. Worries also surfaced after Italy's recent inconclusive election and the euro fell to a two-month low against the dollar. Policy makers from several large central bansk will meet later in the week to discuss interest rates. In corporate news, smartphone makers such as Apple (AAPL), Blackberry (BBRY) and Nokia (NOK) fell on Monday after pessimistic sales and growth forecasts were released. Today's gainers included Wal-Mart (WMT) and Home Depot (HD). Yahoo (YHOO) also saw gains following an announcement of plans to discontinue a handful of products and after its rating was upgraded to "equal weight" from "overweight." The S&P 500 saw its first positive Monday in 2013 and the Dow is close to hitting its record closing high.

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