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AP Market Headlines

• Summary Box: Regulators appeal on swaps
  WARNING ON DERIVATIVES: The head of the Securities and Exchange Commission is calling anew for Congress to impose new oversight on financial derivatives. Mary Schapiro warns that allowing risky instruments like credit default swaps to continue unfettered could bring further economic damage....
• Summary Box: S&P 500 index closes at 17-month high
  JUST BY A HAIR: The Standard & Poor's 500 index inched just above its recent peak in January to set a new 17-month high. The achievement is a welcome sign for traders who were concerned the market would stall around the January levels....
• SEC head urges Congress to act on derivatives
  WASHINGTON (AP) -- The government's top securities regulator called Thursday for Congress to impose new oversight on financial derivatives, warning that allowing risky instruments like credit default swaps to continue unfettered could bring further economic damage....