Tuesday 29, January 2013 by Russ Koesterich

Modestly rising rates -- credit sectors look appealing

US stocks rose yet again last week, as strong early-year market conditions persisted. For the week, the Dow Jones Industrial Average advanced 1.8 per cent to 13,895, the S&P 500 Index rose 1.1 per cent to 1,502 (marking the first time the index closed above 1,500 in five years) and the Nasdaq Composite climbed 0.5 per cent to 3,149.