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Jan, 2012
Weekly Market Recap-January 20, 2012

(For the week ended January 20, 2012.)
U.S. equity markets rose last week, boosted by upbeat economic data and strong corporate earnings results. Gains were aided by lower-than-expected jobless claims and reports that the International Monetary Fund could get more cash to help countries struggling to manage their debts. The three key domestic market indexes rose in tandem each day except Friday, when the Dow and S&P 500 outpaced the Nasdaq with the help of strong IBM and Microsoft earnings, a rally among financial stocks, and news of a 5% rise in December U.S. existing home sales. These favorable factors were partially offset by a disappointing Google fourth-quarter earnings report. Treasury bond prices generally fell as stock prices climbed.

Through 1/20/12* 1 Week YTD 1 Year Closing Value
S&P 500 2.0% 4.6% $2.7% 1,315.38
Dow Jones Industrials 2.4% 4.1% 7.6% 12,720.48
Nasdaq Composite 2.8% 7.0% 3.0% 2,786.70


Source: Standard & Poor's. The S&P 500, Dow Jones Industrials, and Nasdaq Composite are unmanaged indexes. It is not possible to invest directly in an index. Past performance is no guarantee of future results.

*Price only. Does not include dividends.

Housing headlines Existing home sales jumped 5.0% over November to 4.61 million units in December. The National Association of Realtors reported that "record low mortgage interest rates, job growth, and bargain home prices are giving more consumers the confidence they need to enter the market" and indicated that investors were more active in absorbing foreclosed properties.

Fixed income The 10-year Treasury yield rose to 2.00% on Friday from 1.86% the previous week, after a slew of better-than-expected economic data - especially in China and Germany - and successful Spanish and French bond auctions eased investor demand for U.S. debt.

The week ahead This week brings the Federal Open Market Committee's monetary policy meeting as well as reports on new home sales, personal income, and consumer confidence.



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©2012, Kelly Ruggles, Spokane, WA. Web site
Kelly C. Ruggles, Spokane, WA. is a fee-based financial planner located in Spokane.
Kelly C. Ruggles, Spokane, WA. President of American Reliance Group, Inc., a registered investment advisor.
Kelly Ruggles, Spokane, WA. is the author of "The Financial Playbook" for Retirement

Kelly C. Ruggles, Spokane, WA. Does not intend to provide personalized investment advice through this publication and does not represent the strategies or services discussed are suitable for any investor. Investors should consult with their financial advisors prior to making any investment decisions.