Morningstar Morning Research Update Thursday, Jan 24, 2013
Thursday, 24 January 2013, 10:53 am Press Release: Morningstar
24-Jan-2013
Overseas Market
Report Stocks ended slightly higher after the
House of Representatives passed a measure to suspend the
debt ceiling until May. The bill is expected to be approved
by the Senate and signed by President Obama. Investors also
kept a close watch on corporate earnings reports.
In
regard to economic data, the Federal Housing Finance Agency
reported that home prices in November rose by 0.6%,
seasonally adjusted, from the previous month, marking the
10th straight month of an increase. The gain was just below
the expected 0.7% increase, but overall prices were 5.6%
higher year over year. Separately, both Redbook and the
International Council of Shopping Centres reported decreases
in weekly retail sales. .. Read More
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