Weekly Market Update - February 1, 2013

Domestic stock prices gained ground this week, with indexes recapturing milestones. Stock prices advanced on continued positive earnings news and today’s encouraging U.S. employment report. The Dow Industrials surpassed 14,000 during the week and the S&P 500 posted its fifth straight weekly gain to reach the 1,500 level. The S&P’s +5.2% gain last month was its best January performance since 1997. Equities beat bonds, commodities and currencies last month. Global markets followed U.S markets to post gains for the week. Most world markets were encouraged by the U.S. employment data and strong manufacturing results in China. Spain’s IBEX 35 Index plunged after regulators removed the ban on short‐selling.

Treasury prices declined this week. Yields on the benchmark 10‐year Treasury rose slightly for the week, but declined today following the employment report, which showed the unemployment rate rising to 7.9%.

Commodity indexes surged on the week. All three of the commodities complexes – energy, precious metals and grains – advanced as traders anticipated increased demand as the world economy continues to improve.

MARKET DASHBOARD
Index	Price	Weekly Chg.	% Chg.	YTD % Chg.
S&P 500	1,513.18	10.31	0.7%	6.1 %
Dow Industrials	14,009.79	113.81	0.8%	6.9%
Nasdaq Composite	3,179.10	29.39	0.9%	5.3%
Russell 2000	911.18	5.94	0.7%	7.3%
Euro Stoxx Index	288.20	-1.52	-0.5%	3.0%
Shanghai Composite	2,419.02	127.72	5.6%	6.6%
10-Year U.S. Treasury	2.01	6  bps	NM	3 bps
DJ UBS Commodity Index	142.89	2.24	1.6%	2.7%
Gold	$1,667.29	$8.70	0.5%	-0.5%
Crude Oil	$97.64	$1.77	1.8%	5.8%
U.S. Dollar Index	79.17	-0.59	-0.7%	-0.8%
VIX Index	12.92	0.03	0.2%	-28.3%
Source: Bloomberg
As of February 1, 2013