MARKET ROUNDUP (Source Bloomberg)
S&P
500 Advances to Five-Year High on Economic Reports; amid better-
than-forecast initial jobless claims and housing data. The S&P 500
(SPXL1) rose 0.6 percent to 1,480.94 at 4 p.m. New York time. The Dow
Jones Industrial Average added 84.79 points, or 0.6 percent, to
13,596.02. It briefly topped the highest closing level since 2007. About
6.5 billion shares changed hands on U.S. exchanges, 5.2 percent above
the three-month average.
Oil Declines From Four-Month High Before
China Economic Reports. Crude for February delivery slid as much as 34
cents to $95.15 a barrel in electronic trading on the New York
Mercantile Exchange and was at $95.17 at 10:56 a.m. Sydney time. The
contract advanced 1.3 percent to $95.49 yesterday. That’s the biggest
gain since Jan. 2 and the highest close since Sept. 17. Prices are up
1.7 percent this week for a sixth weekly advance, the longest winning
streak since November 2011.
Jupiter Securities Research - 18 January 2013
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