Equities finished the session in positive territory following encouraging economic data from the US which saw its trade balance post the smallest gap posted since 2010. The S&P 500 which is on course to its sixth straight week of gains hit a five-year high. The biggest laggard within the S&P 500 sector breakdown was Telecommunications. Moody’s was today’s worst performing stock tumbling 8.5% at one point after its earning forecasts missed estimates and reports emerged of a possible lawsuit by the NY Attorney General. The Technology sector was the out-performer in today’s session boosted by gains in Google which hit an all-time record high after being added to Morgan Stanley's best ideas list whilst Apple continued to benefit from yesterday's news that they are considering returning cash to shareholders. Finally, the DJIA finished up 0.35% at 13992.97 the S&P 500 finished up 0.57% at 1517.92 and the NASDAQ 100 finished up 0.91% at 3193.87.
08 Feb 2013 - 22:05 - - Source: RANsquawk
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