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Stocks Close the Week Higher with a Quiet Session

By: Schaeffer's Investment Research
Posted: 1/11/2013 4:24:00 PM
Referenced Stocks: FB;GRPN;LNKD;MSFT;ORCL

The Dow Jones Industrial Average (DJI) didn't venture far from breakeven today, staying within a 57-point range. By the close, the blue-chip index settled slightly higher, with a respectable gain for the week.

Continue reading for more on today's market, including :


The Dow Jones Industrial Average (DJI) spent a rather quiet day trading around the breakeven mark. The index ended shy of the 13,500 level, up 17 points, or 0.1%. For the week, the Dow closed 0.4% higher. Of the 30 Dow components, half of them closed in positive territory, with Microsoft ( MSFT ) in the lead with a 1.4% gain. At the back of the pack was the Dreamliner-plagued Boeing (BA), which dropped 2.5%.

The S&P 500 Index (SPX) once again narrowly missed a new five-year high and actually closed down a fraction on the day, shedding less than 0.1 point. The Nasdaq Composite (COMP) kept pace with the Dow, tacking on 4 points, or 0.1%. For the week, the SPX added 0.4% and the COMP rallied 0.8%.

The CBOE Market Volatility Index (VIX) continued its descent, closing off 0.1 point, or 1%. On a weekly basis, the index dropped 3.4%.



3 Things to Know About Today's Market :

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Today's Top Tweet :

"Facebook to launch on Mars is the mystery announcement - anything short will be disappointment at this point."
@fundmyfund, (Mark H), 10:51 a.m.

5 Stocks We Were Watching Today :

  1. Option Idea of the Week: OpenTable (OPEN) looks poised to continue its recent trend higher.
  2. American Express (AXP) hit a new multi-year high, attracting the attention of call buyers .
  3. Oracle ( ORCL ) traveled to its highest price since May 2011.
  4. Bullish Chevron (CVX) traders expect a sharp move higher in the coming months.
  5. Starbucks (SBUX) saw its price target lifted by $5 at UBS this morning.


Question of the Day :

Q : What is a margin call?
A : A margin call occurs when a trader is contacted (typically over the phone) by his broker and instructed to deposit additional cash or securities to cover anticipated or realized losses. It can also happen if a trader's account value falls below a minimum threshold. A margin call is nothing an investor ever wants to experience, and it should be understood that it is a demand, not a request. If investors are unable to come up with the cash or additional securities, brokers have the right to liquidate positions in the account to secure the capital.

For a look at today's options movers and commodities activity, head to page 2.



Commodities :

Crude futures lost ground on Friday, with the February contract slipping 26 cents, or 0.3%, to end the day at $93.56 per barrel. For the week, oil advanced 0.5%. Likewise, gold futures turned in a negative session, but a positive weekly performance. Gold for February delivery lost $17.40, or 1%, to close at $1,660.60 per ounce. On a weekly basis, the precious metal edged up 0.7%.


At the end of every market day, the staff at Schaeffer's Investment Research reviews the trading day in detail, covering major events and key market developments. Don't miss this critical, timely and insightful report. If you enjoyed today's edition of Market Recap, sign up here for free daily delivery straight to your inbox.