MARKET ROUNDUP
U.S. STOCKS FALL ON DRAGHI COMMENTS, EARNINGS REPORTS
As
corporate earnings reports disappointed and European policy makers
warned the euro’s advance could hamper the region’s recovery. The
S&P 500 slid 0.2 percent to 1,509.39 at 4 p.m. in New York. It
earlier fell as much as 0.9 percent and is poised for its first weekly
drop of the year. The Dow Jones Industrial Average lost 42.47 points, or
0.3 percent, to 13,944.05. About 6.6 billion shares traded hands on
U.S. exchanges today, 5.6 percent higher than the threemonth average.
-Bloomberg
Oil prices fall on ECB chief's comments on euro
The
euro weakened a little against the dollar on Thursday, and benchmark
crude for March delivery fell 79 cents to finish at $95.83 a barrel on
the New York Mercantile Exchange. The price of oil fell below $96 per
barrel Thursday after the head of the European Central A strong euro
hurts the export prospects of the 17 countries in the common currency
zone. -The Associated Press
Jupiter Securities Research - 7 Feb 2013
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