News Headline Summary

US EQUITY WRAP

US equities held on to gains to finish the week in minor positive territory. Despite the Congressional leaders failing to reach an agreement on sequestration which took effect today, market participants focused on the much better than expected macroeconomic data with the ISM Manufacturing figure coming at its highest level since June 2011 and an upward revision to the University of Michigan confidence number. The S&P 500 gains saw it post its eighth weekly gain in nine weeks while the DJIA closed above 14000 on the third consecutive day, which is its longest stretch since its six session streak in October 2007. Finally, the DJIA finished up 0.25% at 14089.66, the S&P 500 finished up 0.23% at 1518.20 and the NASDAQ 100 finished up 0.30% at 3169.74.

01 Mar 2013 - 16:12 - Equities Data - Source: RANsquawk

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