News Headline Summary

US EQUITY WRAP

US equities settled mixed with the Dow and the S&P 500 settling flat and the Nasdaq in minor positive territory. Markets saw downside pressure following worse than expected US Pending Home Sales data; however the S&P 500 did manage to stay above the psychological 1500 level. In terms of stocks Hess were the best performing seeing gains of 6.08% after they said they planned to seek sale of terminal network and exit refining, conversely PetSmart were the worst performing down 9.08% after a negative broker move pre-market. The S&P 500 finished with minor losses of 0.11%, 319 companies were in the red with 178 in the green and 8/10 sectors were in the red. The sector with the biggest losses was Basic Materials with US Steel being downgraded pre market and PPG Industries losing 2.94% after announcing the separation of commodity chemical business. Technology was the best performing sector, being supported by Apple who had gains of 1.13%, today announcing its new iOS 6.1 operating system. Finally, the DJIA finished down 0.1% at 13882.31 the S&P 500 finished down 0.11% at 1501.33 and the NASDAQ 100 finished up 0.21% at 2742.43.

29 Jan 2013 - 08:05 - Equities Data - Source: RANsquawk

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: