Wednesday, 16 January 2013

DOW : 13,534.89 Up 27.57(0.20%)











The Dow and S&P 500 reversed their losses to finish higher Tuesday, but gains were limited as further losses for Apple weighed on the tech sector and as investors hesitated to jump in ahead of some major earnings reports in the coming days.

The Dow Jones Industrial Average climbed 27.57 points, or 0.20 percent, to end at 13,534.89, led by Caterpillar and Microsoft, logging a five-day winning streak. Hewlett-Packard led the blue-chip laggards.

Meanwhile, the Dow transports closed at a historic high. The index has soared 15 percent over the last two months.

The S&P 500 edged up 1.66 points, or 0.11 percent, to close at 1,472.34, ending at a five-year high.

The Nasdaq slipped 6.72 points, or 0.22 percent, to finish at 3,110.78.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed above 13.

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