Weekly Market Update - February 8, 2013

Domestic stock prices were little changed this week. Stock prices were mixed following last week’s move to five‐year highs. Fourth quarter 2012 earnings reports continue to provide support for the market. A report showing that the trade deficit narrowed more than forecast also helped stocks. The S&P 500 posted its sixth consecutive weekly gain and is at its highest level since November 2007. Global markets were mixed for the week. World markets were heartened by news from China that both exports and imports rose more than expected. Also, the European Union passed a budget that cut spending for the first time ever.

Treasury prices rose this week. Yields on the benchmark 10‐ year Treasury declined slightly for the week, as many traders believe Treasurys were oversold after two weeks of price declines and yield increases. Prompting the price advance was investor skittishness over Europe, with several eurozone countries releasing mixed economic data.

Commodity indexes dropped on the week. Energy, precious metals and grains all declined on the week as a result of mixed economic reports.

MARKET DASHBOARD
Index	Price	Weekly Chg.	% Chg.	YTD % Chg.
S&P 500	1,517.09	3.86	0.3%	6.4 %
Dow Industrials	13,992.97	-16.82	-0.1%	6.8%
Nasdaq Composite	3,193.87	14.77	0.5%	5.8%
Russell 2000	913.67	2.48	0.3%	7.6%
Euro Stoxx Index	287.34	-0.86	-0.3%	2.7%
Shanghai Composite	2,432.40	13.38	0.6%	7.2%
10-Year U.S. Treasury	1.95	-6  bps	NM	2 bps
DJ UBS Commodity Index	141.21	-1.68	-1.2%	1.5%
Gold	$1,668.73	$1.33	0.1%	-0.4%
Crude Oil	$95.82	-$1.94	-2.0%	3.9%
U.S. Dollar Index	80.23	1.11	1.4%	0.6%
VIX Index	13.18	0.29	2.2%	-26.8%
Source: Bloomberg
As of February 8, 2013