Fool Trader KLSE Research

Morning Coffee - 4 Feb 2013

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Publish date: Mon, 04 Feb 2013, 09:50 AM
MARKET ROUNDUP

U.S. STOCKS RALLY FOR FIFTH STRAIGHT WEEK ON JOBS REPORT
The S&P 500 rose 0.7 percent to 1,513.17 for the week. The benchmark equity gauge is up 6.1 percent for the year. The Dow Jones Industrial Average rallied 113.81 points, or 0.8 percent, to 14,009.79. The gauge closed above 14,000 for the first time since 2007 and is 1.1 percent below the all-time record it reached in October 2007.

OIL COMPLETES LONGEST RUN OF WEEKLY GAINS SINCE 2004
Futures climbed 0.3 percent after the Labor Department said payrolls rose 157,000 in January and the Institute for Supply Management's U.S. factory index reached a nine-month high. The Dow Jones Industrial Average gained 1 percent. Brent oil's premium to crude traded in New York widened because of limits on a pipeline linking the Midwest to the Gulf Coast. West Texas Intermediate oil for March delivery rose 28 cents to settle at $97.77 a barrel on the New York Mercantile Exchange. Trading at 3:21 p.m. was 65 percent above the 100-day average for the time of day. The weekly gain of 2 percent is the eighth in a row, matching a streak that ended in August 2004. (Source: Bloomberg)

Jupiter Securities Research - 4 February 2013
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1 person likes this. Showing 1 of 1 comments

lyechin2002

be the first go to Holland.

2013-02-04 10:09

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