Tuesday, January 15, 2013
U.S. stocks continued their January trading range, as early losses were erased and the indexes finished in mixed fashion. The S&P 500 gained 0.1% while the NASDAQ fell 0.2%.
- The Commerce Department said retail sales rose 0.5% in December from November, slightly better than November's 0.4% increase and the best showing since September. Auto sales were a major contributor.
- The index measuring manufacturing activity in New York state was negative for the sixth straight month in January, according to the New York Federal Reserve Bank.
Crude oil prices shed 0.9%, to settle at $93.28 a barrel, while gold added 0.9%, to settle at $1,683.90 an ounce and silver jumped 1.35% to $31.53.
British stocks gained 0.15%, German shares fell 0.7%, and French shares dropped 0.3%.
- Germany's economy grew by just 0.7% in 2012, down from 3% the previous year, the government said. German gross domestic product fell by 0.5% in the fourth quarter.
Japan's Nikkei advanced 0.7% while the Shanghai Composite added 0.6%. Chinese GDP will be released Thursday.