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Market recap: Stocks popped higher in the final hour after House Republican leaders proposed a...

Market recap: Stocks popped higher in the final hour after House Republican leaders proposed a three-month extension of the federal debt limit. Stocks had been held back by a drop in consumer sentiment, offsetting positive news of Chinese GDP growth and GE's quarter aided by strength in China. Techs lagged, as Intel slumped 6% after saying it would invest $13B in capital equipment this year.
Comments (2)
  • Thank the republicans this time. Those late surges are my favorite.
    In a week that saw BAC,CITI report horrible numbers, Amex deliver a 47% drop in earnings Intel's "murky" outlook Apple which was 5% of the S&P down 4% for the week the latter notches a 5 yr high. Cant beat it.
    19 Jan 2013, 12:53 PM Reply Like
  • Caution Ahead! Things are getting frothy.

     

    This week's Sentiment Update:
    http://seekingalpha.co...

     

    -Bill L.
    19 Jan 2013, 03:19 PM Reply Like
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