Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube

  US Stocks Week Ended January 11, 2013
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

Last week, the S&P 500 Index had positive performance with a 0.43% return. This followed a 2.84% return for the previous week's first three days of 2013 which included a 2.56% return for the first trading day of the year. This single day performance was better than any trading day in 2012. The first full trading week of the year opened down from the previous week's close as investors had concerns over the coming fourth quarter earnings season. Both Monday and Tuesday closed down 31 and 29 basis points, respectively. Wednesday shifted the momentum in the other direction as Alcoa reported good earnings with revenues well above expectations and raised its global demand forecast. Thursday's 0.76% return was the best performing day of the week. Investors switched their focus to positive data out of Europe and Asia which led to optimism about the possibility of a recovery in the global economy. Friday closed flat after a volatile trading day. US initial jobless claims came in at 371K. That was an unexpected increase from the previous week's revised number of 367K and more than the consensus of 365K. Six of the ten economic sectors had positive performance and two were flat last week. The health care sector was the best performing sector with a 2.02% return for the week. Materials and information technology sectors followed with 0.89% and 0.58% returns, respectively. Utilities' -1.02% return was the worst performance of all the sectors and was followed by telecommunication services' return of -0.98%. Best Buy Co. Inc., which retails consumer electronics and appliances, and Celgene Corp, a global biopharmaceutical company, turned in the two best performances in the S&P 500 Index with a 17.34% and 17.27% gain respectively. The next two best performers were Micron Technology Inc. and Harman International Industries Inc. with returns of 8.33% and 7.94%, respectively. This week will bring earnings news from financials and other companies such as General Electric Co., JPMorgan Chase & Co., Bank of America Corp, Citigroup Inc., Intel Corp, Schlumberger Ltd, Goldman Sachs Group Inc., UnitedHealth Group Inc., and many more.
Posted on Monday, January 14, 2013 @ 8:45 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
Market Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email

Majority Of Top Subsectors In 2012 Consumer-Driven
It’s Not Even Close!
US Economy and Credit Markets Week Ended January 4, 2013
US Stocks Week Ended January 4, 2013
Large-Caps Still Relatively Inexpensive Heading Into 2013
US Economy and Credit Markets Week Ended December 28, 2012
US Stocks Week Ended December 28, 2012
US Economy and Credit Markets Week Ended December 21, 2012
US Stocks Week Ended December 21, 2012
REITs Still Popular With Investors Heading Into 2013
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2022 All rights reserved.