Wednesday, January 16, 2013

U.S. Market Moves Ahead

Stocks overcame early losses, buoyed by economic data and strong performances from two individual stocks that helped pull up indexes.

The Dow Jones Industrial Average dropped after the market opened Thursday, but quickly recovered and spent the rest of the day in positive territory, with a late-day run that fell shy of closing above the 13000 mark. Still, the Dow closed at a 52-week high, up 46.02 points, or 0.4%, to 12984.69.

The Standard & Poor's 500-stock index finished up 5.80 points, or 0.4%, at 1363.46, and the Nasdaq Composite closed up 23.81 points, or 0.8%, at 2956.98.

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