January proved very good for some key Erie stocks

   January 31, 2013 3:17 pm    0

 

January was good for our 401(k)s and for the stocks of some of Erie’s largest employers.
Thought U.S. stocks fell Thursday, January still proved to be a strikingly strong month for the markets.
The Dow Jones industrial average fell 49.84 points, or 0.4 percent, to 13,860.58, leaving it with a 5.8 percent gain for January, its best monthly rise since October 2011 and its strongest monthly start to a year since 1994.
The S&P 500 index lost 3.85 points, or 0.3 percent, to 1,498.11, leaving it up 5 percent for the month.
January was also good for those holding the stocks of some of Erie’s largest employers.
General Electric Co., parent company to GE Transportation, closed Thursday at $22.28 a share. That’s up 6.1 percent for the month.
Erie Indemnity, the management arm of Erie Insurance Group, closed trading Thursday at $71.37 a share. That represents a 3.1 percent gain since Dec. 31.
PNC Financial Services Group closed Thursday at $61.80 a share. Its stock gained 5.9 percent for the month.

 

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