MARKET ROUNDUP
Stocks end higher, giving indexes a third straight week of gains; S&P 500 at highest since '07.
General
Electric led the Dow Jones industrial average higher after reporting a
strong quarter thanks to growth in emerging markets. The Dow rose 53
points to end at 13,649 Friday. The Standard & Poor's 500 index
reached another five-year high, rising five points to close at 1,486.
Rising stocks outnumbered falling ones two to one on the New York Stock
Exchange. Volume was in line with the recent average at 3.7 billion
shares
Oil Caps Longest Run of Weekly Gains in 14 Months
As
House Republicans planned a vote next week on a three-month extension
of the U.S. borrowing authority. West Texas Intermediate crude for
February delivery increased to $95.56 a barrel on the New York
Mercantile Exchange, the highest settlement since Sept. 17. Prices
advanced 2.1 percent since Jan. 11, the sixth weekly gain and the
longest streak since November 2011.
Jupiter Securities Research - 21 January 2013
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