MARKET ROUNDUP (Source Bloomberg)

S&P 500 Advances to Five-Year High on Economic Reports; amid better- than-forecast initial jobless claims and housing data. The S&P 500 (SPXL1) rose 0.6 percent to 1,480.94 at 4 p.m. New York time. The Dow Jones Industrial Average added 84.79 points, or 0.6 percent, to 13,596.02. It briefly topped the highest closing level since 2007. About 6.5 billion shares changed hands on U.S. exchanges, 5.2 percent above the three-month average.

Oil Declines From Four-Month High Before China Economic Reports. Crude for February delivery slid as much as 34 cents to $95.15 a barrel in electronic trading on the New York Mercantile Exchange and was at $95.17 at 10:56 a.m. Sydney time. The contract advanced 1.3 percent to $95.49 yesterday. That's the biggest gain since Jan. 2 and the highest close since Sept. 17. Prices are up 1.7 percent this week for a sixth weekly advance, the longest winning streak since November 2011.

Jupiter Securities Research - 18 January 2013