Weekly Market Update - January 25, 2013

Domestic stock prices rose this week, establishing a new five-year high. Stock prices rode generally positive earnings news to weekly gains. Today's advance marked the eighth straight for the S&P 500, its longest such streak since November 2004. Investors are increasingly focusing on fundamentals. According to Bloomberg, 76% of S&P 50 companies that have reported so far have exceeded estimates. Global markets were also higher on the week. European stocks advanced to a 23-month high on positive news on the German economy, which has boosted investor confidence to the highest level in 2 ½ years.

Treasury prices declined this week. Yields on the benchmark 10-year Treasury rose to a three-week high after the European Central Bank reported that eurozone banks have been repaying loans faster than expected. The news indicates that the financial sector in Europe is improving.

Commodity indexes were mixed on the week. Crude oil posted slight gains, marking its seventh consecutive weekly advance, the longest stretch since 2009. Gold declined on improving economic news from Europe.

MARKET DASHBOARD
Index	Price	Weekly Chg.	% Chg.	YTD % Chg.
S&P 500	1,500.81	14.72	1.0%	5.2 %
Dow Industrials	13,895.98	228.54	1.7%	5.9%
Nasdaq Composite	3,149.71	14.77	0.5%	4.3%
Russell 2000	905.23	10.97	1.2%	6.4%
Euro Stoxx Index	289.72	2.69	0.9%	3.6%
Shanghai Composite	2,291.30	-25.77	-1.1%	1.0%
10-Year U.S. Treasury	1.95	10  bps	NM	2 bps
DJ UBS Commodity Index	140.65	-0.83	-0.6%	1.1%
Gold	$1,658.59	-$24.06	-1.4%	-0.9%
Crude Oil	$96.01	-$0.06	-0.1%	4.0%
U.S. Dollar Index	79.73	-0.29	-0.4%	0.0%
VIX Index	12.95	0.44	3.3%	-28.6
Source: Bloomberg
As of January 25, 2013