MARKET ROUNDUP
U.S. Stocks Rise on Earnings as Investors Await Obama
As
earnings topped estimates and investors awaited President Barack
Obama’s State of the Union address. The Standard & Poor’s 500 Index
gained 0.2 percent to 1,520.27. The Dow Jones Industrial Average
increased 57.19 points, or 0.4 percent, to 14,028.43. Both gauges are
poised for the highest close since 2007. Trading in S&P 500
companies was 5.9 percent below the 30-day average at this time of day.
-Bloomberg
WTI Oil Climbs to One-Week High as OPEC Raises Demand
As
OPEC raised its demand forecast and the Group of Seven pledged to avoid
devaluing their currencies. Crude oil for March delivery advanced 48
cents to $97.51 a barrel on the New York Mercantile Exchange, the
highest settlement since Feb. 1. Futures fell to $94.97 yesterday, the
least since Jan. 23. -Bloomberg
Jupiter Securities Research - 13 Feb 2013
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