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Stocks Close the Week Higher with a Quiet Session
1/11/2013 4:24:00 PM
By: Schaeffer's Investment Research
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.
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 :
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5 Stocks We Were Watching Today :
Question of the Day :
: What is a margin call?
For a look at today's options movers and commodities activity, head to page 2.
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%.
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