US futures mixed to close week of strong gains

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Associated Press

Posted on January 18, 2013 at 8:06 AM

Updated Friday, Jan 18 at 10:02 AM

NEW YORK (AP) — Stock futures are mixed after major indexes surged throughout the week, with the Standard and Poor's 500 repeatedly marking new five-year highs.

Dow Jones industrial futures are up 7 points to 13,549. The broader S&P futures have added 0.60 points to 1,476.30. But Nasdaq futures are down 7 points to 2,733.50.

All three indexes are up between 3 percent and 4 percent for the week.

There are also strong earnings Friday from U.S. companies.

General Electric posted an 8 percent jump in profit during the fourth quarter.

The investment bank Morgan Stanley returned to a profit in the final quarter and revenue soared 37 percent, breezing past Wall Street expectations.

Markets rose overseas too, with China posting economic growth of 7.9 percent in the final quarter of the year.

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