Biz Buzz
By Jim Martin, Doug Oathout Erie Times-News staff bloggers
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Posted: January 31st, 2013
January proved very good for some key Erie stocks

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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