News Headline Summary

US EQUITY WRAP

US equities settled mixed seeing a late rally after opening lower. The Dow was the outperformer among its peers seeing gains of 0.19%, the S&P 500 saw gains of 0.06% while the Nasdaq the laggard was down 0.26% being weighed upon by poor Intel earnings which in turn affected several other Tech stocks. Unsurprisingly Technology was the worst performing sector in the S&P 500 down 0.50% led by Advanced Micro Devices who fell 10.18% and Intel down 6.96%, Industrials was the outperformer amongst the sectors up 1.06% led by GE who reported positively earlier today. Conversely Life Technologies were the best performing stock in the S&P 500 seeing gains of 10.51% after hiring Deutsche Bank as advisers for a possible takeover and experiencing several possible broker moves throughout trade. Other gainers include Morgan Stanley, State Street and Schlumberger all reporting a beat in earnings pre-market. The recovery in stock indices was supported by the news that the House of Representatives will consider a bill to raise the US debt ceiling enough to allow the country to pay its bills for another three months. Finally, the DJIA finished up 0.40% at 13649.70 the S&P 500 finished up 0.34% at 1485.96 and the NASDAQ 100 finished down 0.14% at 2743.24.

18 Jan 2013 - 21:03 - - Source: RANsquawk

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