Global Markets Overview - 07 January 2013

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U.S. STOCK MARKETS

Stocks ended the first week of the new year with a bang, with the S&P 500 notching a five-year high and the Dow securing its biggest weekly gain since December 2011.

The Dow Jones Industrial Average added 43.85 points, or 0.3%, to 13435.21 after December job growth roughly met economists' estimates and a reading on nonmanufacturing economic activity was surprisingly strong. That capped its biggest weekly point gain--despite a holiday-shortened week--in more than a year, thanks to a 308-point rally Wednesday.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

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