Stocks Break Losing Streak: DJIA Market Close for Friday, July 13, 2012

Stocks jump on this Friday the 13th, breaking a six-day losing streak.

The Dow added +203.85 (+1.62%) to close at 12,777.09.

For the week, DJIA was up 0.00% (actually it gained 4.62 points), Nasdaq -1.0%, S&P 500 +0.2% and Russell 2000 -0.8%.

Year-to-date the Dow is up +4.6%, Nasdaq +11.6%, S&P 500 +7.9% and Russell 2000 +8.1%.

The Dow had only one losing component today, and that was HPQ, down -1.91%.

Dow leaders were JPM (+5.96%), BAC, CAT, MSFT, BA, UTX and PG.

Shares of JPMorgan (JPM) jumped almost 6% today. In addition to earnings, JPMorgan also revealed that traders involved in the loss no longer work at the bank and could lose as much as two years of income.

The government reported producer prices in June rose by 0.1%, despite expectations that they would fall by more than half a percent.

The dollar was down against the euro, British pound and Japanese yen.

Oil for August delivery added $1.02 to settle at $87.10 a barrel.

Gold futures for August delivery jumped $26.70 to settle at $1,592.00 an ounce.

The price on the benchmark 10-year U.S. Treasury fell slightly, pushing the yield up to 1.50% from 1.48% late Thursday.

MRK, VZ and WMT made new 52 week highs today to finish the week.

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