News Headline Summary


US equities settled in minor positive to flat territory with the S&P 500 underperforming against its peers. In terms of sectors 5/10 finished in the green, Financials saw losses of 0.32 %, with Wells Fargo down 1.5% after they reported a decline in net interest margin despite a record profit in the latest quarter. Boeing weighed on the Dow with losses of 2.5% after it emerged their 787 Dreamliner is to be the centre of a safety probe after 5 incidents in as many days. However the slim gains across the indices were helped by the Consumer Goods sector which finished with gains of 0.32%, led by Philip Morris who saw gains of 2.36% after being upgraded at Goldman Sachs. EA and Ford benefited similarly from upgrades with gains of 2.14% and 1.17% respectively. The Nasdaq finished with gains of 0.15% thanks to Research In Motion seeing gains of 13% after pictures of their new BlackBerry 10, due for release at the end of January, were leaked. Finally, the DJIA finished up 0.13% at 13488.43, the S&P 500 finished flat at 1472.11 and the NASDAQ 100 finished up 0.15% at 2748.26.

11 Jan 2013 - 21:03 - Equities - Source: RANsquawk

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