Weekly Market Update - January 11, 2013
Domestic stock prices rose to a five‐year high this week. Stock prices posted moderate gains, following through on last week’s strong advance. The S&P 500 Index reached a five year high on improving economic data and in expectation of the upcoming earnings season. Flows into stocks funds were the highest in more than a year. Global markets were mixed on the week. In a good news/bad news scenario, a greater‐than‐expected rise in consumer prices in China means that the country’s economy is accelerating but also that policymakers may take steps to slow down growth. The news of the jump put a damper on gains in world markets this week.
Treasury prices rose modestly this week. Yields on the benchmark 10‐year Treasury ended the week slightly lower, digesting the significant rise last week. The Treasury yield curve is the steepest since last May due to economic optimism.
Commodity indexes were slightly higher on the week. Crude oil posted moderate gains. Gold and other precious metals advanced, and a survey suggests analysts expect more gains this year. Agricultural commodities rose on greater demand impacting already drought‐reduced supplies.
| MARKET DASHBOARD | ||||
| Index |
Price |
Weekly Chg. |
% Chg. |
YTD % Chg. |
| S&P 500 |
1,471.72 |
5.65 |
0.4% |
3.2 % |
| Dow Industrials |
13,488.43 |
53.22 |
0.4% |
2.9% |
| Nasdaq Composite |
3,125.64 |
23.98 |
0.8% |
3.5% |
| Russell 2000 |
880.77 |
1.62 |
0.2% |
3.7% |
| Euro Stoxx Index |
287.08 |
-0.75 |
-0.3% |
2.6% |
| Shanghai Composite |
2,243.00 |
-33.99 |
-1.5% |
-1.2% |
| 10-Year U.S. Treasury |
1.88 |
-4 bps |
NM |
1 bps |
| DJ UBS Commodity Index |
138.55 |
0.81 |
0.6% |
-0.4% |
| Gold |
$1,662.85 |
$7.06 |
0.4% |
-0.7% |
| Crude Oil |
$93.68 |
$0.60 |
0.6% |
2.0% |
| U.S. Dollar Index |
79.58 |
-0.92 |
-1.1% |
-0.2% |
| VIX Index |
13.37 |
-0.44 |
-3.2% |
-25.7% |
| Source: Bloomberg | ||||
| As of January 11, 2013 | ||||