US equities settled in positive territory with a bid tone evident since the open. The move higher is attributed to positive sentiment after US Housing Starts and Weekly Jobless Data came in better than expected and investor optimism for an upbeat earnings season. eBay reported a beat in earnings and as a result finished they session with gains of 2.70% at their highest ever levels. The S&P 500 finished with gains of 0.56%, its highest close for 5 years, the Dow saw a similar trend up 0.63% and closing at 5 year highs making this the 6th day out of 7 that the index has closed in positive territory. Following the housing data PulteGroup shares gained 4.9% and Toll Brothers advanced 3.1%, the PHLX housing sector index climbed 2.2%. Gains in the S&P 500 were tempered somewhat by weakness in the financial sector, with Bank of America down 4.3% and Citigroup off 3% after they posted their results. Finally, the DJIA finished up 0.63% at 13596.02 the S&P 500 finished up 0.56% at 1480.94 and the NASDAQ 100 finished up 0.45% at 2747.15.
17 Jan 2013 - 16:14 - Equities Data - Source: RANsquawk
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: