Friday, 8 February 2013

U.S.MARKET UPDATE


U.S. stocks declined on Thursday, taking a step back from their recent advance, prompted by comments by the ECB president on the euro and Europe's outlook.Materials shares were among the weakest performers on the S&P 500, with the S&P 500 materials index down 0.7 percent, while housing stocks also declined.

The Dow Jones industrial average was down 42.47 points, or 0.30 percent, at 13,944.05. The Standard & Poor's 500 Index was down 2.73 points, or 0.18 percent, at 1,509.39. The Nasdaq Composite Index was down 3.34 points, or 0.11 percent, at 3,165.13.

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