MARKET ROUNDUP (Source Bloomberg)

S&P 500 Weekly Gain Trimmed as Tech Slump Tempers Economy; as better-than- stimated economic data triggered a threeday rally, before gains were trimmed in the final two sessions amid worse- than-forecast results at Google Inc. and Microsoft Corp.(MSFT). The Standard & Poor's 500 Index ended the week with a two- day slump as Google and Microsoft sank at least 1.9 percent. Commodity and financial companies climbed the most among 10 S&P 500 (SPX) groups as Citigroup Inc. (C) posted a surprise profit and Murphy Oil Corp. said it will spin off its U.S. refined fuels business. PulteGroup Inc. (PHM) surged 15 percent, driving homebuilders to the biggest advance since June, after new-home construction jumped to a four-year high.The S&P 500 added 0.3 percent to 1,433.19 for the week, trimming a three-day gain of 2.3 percent. The Dow Jones Industrial Average climbed 14.66 points, or 0.1 percent, to 13,343.51. The gauges are up 14 percent and 9.2 percent, respectively, for the year.

European Stocks Rise This Week on U.S. Economic Reports; as Moody's Investors Service reiterated its investment-grade debt rating on Spain following a review and U.S. reports on retail sales, manufacturing and house building beat estimates. Germany's DAX advanced 2 percent, while the U.K.'s FTSE 100 added 1.8 percent. France's CAC 40.

Oil Slides a Third Day Amid Demand Concern; Pipe Start Delayed- amid signs of weakening demand in the U.S., the biggest crude user. TransCanada Corp. (TRP) planned to start its Keystone pipeline today after a second delay. Crude for November delivery fell as much as 56 cents to $89.49 a barrel, the lowest since Oct. 9, and was at $89.54 in electronic trading on the New York Mercantile Exchange at 8:56 a.m. in Tokyo, capping the longest losing streak since Sept. 26. The contract expires today.

Source:Jupiter Securities Research, 22 October 2012