MARKET ROUNDUP
S&P 500 HAS BIGGEST DROP SINCE NOVEMBER ON EUROPE CONCERN
On
concern that the European debt crisis may intensify. The S&P 500
slipped 1.2 percent, the most since Nov. 14, to 1,495.71 in New York,
after reaching a five-year high last week. The Dow (INDU) Jones
Industrial Average lost 129.71 points, or 0.9 percent, to 13,880.08.
Orders placed with U.S. factories increased less than forecast in
December, reflecting a drop in non-durable goods that overshadowed gains
in construction equipment and computers. Bookings climbed 1.8 percent
after a revised 0.3 percent drop in November that was initially reported
as unchanged, Commerce Department figures showed.
OIL TRADES NEAR ONE-WEEK LOW ON IRAN TALKS OFFER, EUROPE CRISIS
as
tension eased over Iran’s nuclear program and investors speculated
Europe’s debt crisis will worsen, derailing the global economic
recovery. Crude for March delivery was at $96.01 a barrel, down 16
cents, in electronic trading on the New York Mercantile Exchange at
10:47 a.m. Sydney time. The volume of all futures traded was 10 percent
below the 100-day average. The contract slid $1.60 yesterday to $96.17,
the lowest close since Jan. 25 and the biggest decrease since Dec. 6.
(Source: Bloomberg)
Jupiter Securities Research - 5 Feb 2013
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