News Headline Summary

US EQUITY WRAP

US equities closed the session in minor positive territory to end the week with modest gains after US congress temporarily averted the so-called fiscal cliff earlier in the week. Today’s gains have come after today’s Nonfarm Payroll data printed in line with expectations despite unemployment being higher than expected at 7.8%. Basic Materials (+1.25%) and Oil & Gas (+1.02%) are two of the best performing sectors in the US with Technology (-0.72%) the worst performing. Apple has dragged on the Technology sector and the NASDAQ with co. shares closing down over 2%. One of the reasons for Apple weakness is a story earlier that Samsung may widen their smart-phone lead over Apple over the coming year. Elsewhere, Mosaic shares closed the session up over 3.5% after their Q2 earnings beat street estimates pre-market. Finally, the DJIA finished up 0.32% at 13433.59, the S&P 500 finished up 0.48% at 1466.32, the highest closing level since December 2007 and the NASDAQ 100 finished down 0.28% at 2724.49.

04 Jan 2013 - 22:02 - Equities Data - Source: RANsquawk

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