Dow Nears Record Again; OPEC Increases Oil Demand Forecast (AVP, CEO)

On Tuesday, the Dow Jones closed above 14,000 again and reached a five-year high during today's session before settling lower due to tech sector losses. The S&P also ended higher while Nasdaq dropped about 0.2% on Apple's (AAPL) dip today. The big gainers included Avon Products Inc. (AVP) who saw shares rise 21% on Q4 earnings that exceeded expectations, and Masco Corp. (MAS), who advanced 12% on their earnings and forecast.
CNOOC's (CEO) buyout of Nexen Inc. (NXY) was approved by regulators today as well. After the bell, Facebook (FB) announced results and has now dropped 12% so far this month. For the second session in a row, crude-oil futures finished higher after OPEC raised its forecast for demand in 2013. Investors look ahead to Wednesday's retail sales and inventories reports that will offer key economic indicators.

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Published on Feb 12, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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