MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Rise as Retailer Rally Offsets Debt-Ceiling; as a rally in retail and transportation companies overshadowed concern about discussions on raising the debt ceiling. The S&P 500 rose 0.1 percent to 1,472.34 at 4 p.m. New York time, after falling as much as 0.5 percent earlier. The Dow Jones Industrial Average added 27.57 points, or 0.2 percent, to 13,534.89. The Dow Jones Transportation Average gained 0.7 percent to a record 5,639.64. About 5.8 billion shares changed hands on U.S. exchanges, or 5.7 percent below the three-month average, according to data compiled by Bloomberg.

Oil Trades Near One-Week Low as U.S. Crude Inventories Increase: after U.S. crude stockpiles increased and a gauge of New York-area manufacturing contracted for a sixth consecutive month. Futures were little changed after slipping the most in almost a month yesterday. U.S. crude supplies gained a second week and inventories at Cushing, the delivery point for West Texas Intermediate, rose to a record, data from the industry- funded American Petroleum Institute showed. An Energy Department report today may show stockpiles climbed 2.2 million barrels, according to a Bloomberg News survey. The Federal Reserve Bank of New York's general economic index fell to minus 7.8 this month from a revised minus 7.3 in December. Crude for February delivery was at $93.44 a barrel, up 16 cents, in electronic trading on the New York Mercantile Exchange at 10:58 a.m. Sydney time. The contract declined 86 cents to $93.28 yesterday, the lowest close since Jan. 9. Prices dropped 7.1 percent last year.

Jupiter Securities Research - 16 January 2013