Stocks closed mixed after recent gains $NAS100.I
- Published: 29 January 2013
- Markets ended the session on a mixed note after early loses with the tech heavy NASDAQ the only major index to close higher after Apple rebounded
- In economic news Pending Home Sales were weaker falling by 4.3% in December against an expectation that they would rise by 1%. Durable Goods Orders on the other hand were more encouraging, rising by 4.6% in December
- Caterpillar led the gains in the blue chips with Alcoa leading the laggards, among the S&P500 sectors tech and telecom's led the gains while material stocks fell
- Apple shares rallied 2.26% as buyers moved in after recent weakness. The stock has now fallen$255.24 from its highs of last year and is down 16% so far this year
- RIMM sold off nearly 7% ahead of the BB10 launch after recent strong gains
- CAT rallied 1.96% after the equipment giant posted its earnings announcement
- DOW -0.10%, S&P500 -0.18% and NASDAQ +0.15%
- USD was stronger against the GBP and AUD whilst the EUR pushed above 1.3450
- Gold prices fell by 0.2% while Crude rallied 0.5% on better Durable Goods Data
