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Morning Coffee - 8 Feb 2013

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Publish date: Fri, 08 Feb 2013, 02:42 PM
MARKET ROUNDUP

U.S. STOCKS FALL ON DRAGHI COMMENTS, EARNINGS REPORTS
As corporate earnings reports disappointed and European policy makers warned the euro's advance could hamper the region's recovery. The S&P 500 slid 0.2 percent to 1,509.39 at 4 p.m. in New York. It earlier fell as much as 0.9 percent and is poised for its first weekly drop of the year. The Dow Jones Industrial Average lost 42.47 points, or 0.3 percent, to 13,944.05. About 6.6 billion shares traded hands on U.S. exchanges today, 5.6 percent higher than the threemonth average. -Bloomberg

Oil prices fall on ECB chief's comments on euro
The euro weakened a little against the dollar on Thursday, and benchmark crude for March delivery fell 79 cents to finish at $95.83 a barrel on the New York Mercantile Exchange. The price of oil fell below $96 per barrel Thursday after the head of the European Central A strong euro hurts the export prospects of the 17 countries in the common currency zone. -The Associated Press

Jupiter Securities Research - 7 Feb 2013

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