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Morning Coffee - 21 Jan 2013

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Publish date: Mon, 21 Jan 2013, 09:31 AM
MARKET ROUNDUP

Stocks end higher, giving indexes a third straight week of gains; S&P 500 at highest since '07.
General Electric led the Dow Jones industrial average higher after reporting a strong quarter thanks to growth in emerging markets. The Dow rose 53 points to end at 13,649 Friday. The Standard & Poor's 500 index reached another five-year high, rising five points to close at 1,486. Rising stocks outnumbered falling ones two to one on the New York Stock Exchange. Volume was in line with the recent average at 3.7 billion shares

Oil Caps Longest Run of Weekly Gains in 14 Months
As House Republicans planned a vote next week on a three-month extension of the U.S. borrowing authority. West Texas Intermediate crude for February delivery increased to $95.56 a barrel on the New York Mercantile Exchange, the highest settlement since Sept. 17. Prices advanced 2.1 percent since Jan. 11, the sixth weekly gain and the longest streak since November 2011.


Jupiter Securities Research - 21 January 2013
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