Jan 23, 2013
The market is up 15. SFE futures were up 11 this morning.
US market up 62. The Dow closed on its high of the day and was down 27 at worst on weaker than expected economic numbers and Info Tech company 4Q earnings. US YonY existing home sales were down 1% to a 4.94 million in December which was below the forecast of 5.1 million and the Richmond Federal Reserve index fell from +5 to -12 in January. Google’s 4Q earnings came in at 1065c per share which was slightly above the forecast of 1050c. Google was up 4.03% to $730.77 after hours. IBM also released better than expected 4Q earnings after market, IBM was up 3.00% to $201.97 after hours. Best sectors — Basic Materials (+1.1%), Energy (+0.9%) and Financials (+0.9%).Worst sectors — Consumer Goods (-0.1%). Metals mixed — Copper up 0.94%, Nickel down 0.15%, Aluminium up 1.72%, Lead up 0.81%.Spot iron ore was unchanged at $145.90. European markets mixed — UK FTSE down 0.03%, German DAX down 0.68%, France down 0.59%, Spain down 0.39%, Italy up 0.48% and Greece up 2.41%. The Stoxx Europe 600 Index was down slightly with Energy (+0.2%) and Industrials (+0.1%), Utilities (-0.6%), Financials (-0.6%) and Telecoms (-0.6%).