Jobless claims came in higher than expected keeping the market relatively flat on Wednesday morning. Subscribe to KCRA on YouTube now for more: http://bit.ly/1kjRAAn
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Business News wrap:The banking sector verses the insurance sector
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Tonight on Nightly Business Report…a trifecta of technology earnings. NBR will separate the winners from the losers as Google, Microsoft and IBM report their latest quarterly results.
And, are U.S. manufacturers thinking about moving some operations out of China as the cost of labor rises?
BBC World News presenter Babita Sharma explored the challenges for business looking towards Burma for new opportunities there. She spoke to the BBC’s Chief Business correspondent, Linda Yueh, and to Dan Slater, a British businessman based in Tokyo who has just returned from a trip to Burma. #bbcimpact
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Business News – Financial News – Stock News — New York Stock Exchange — Market News 2014
Earnings took center stage this week, on Monday U.S. stocks rallied as optimism over company earnings led to a rebound from last week’s selloff. Shares of Apple (NASDAQ: AAPL) climbed 2.1 percent during regular trading, the company projected better-than-expected revenue for the holiday season. Sears (NASDAQ: SHLD) jumped 23 percent after announcing its plans to raise capital. But technology giant IBM (NYSE: IBM) fell 7.1 percent on a reduced outlook.
Tuesday turned out to be the best day of the year for the S&P and NASDAQ. It was a day of strong market gains which cemented the view that the worst is probably over. Apple, Texas Instruments (NASDAQ: TXN), and Verizon Communications (NYSE: VZ) all surged on corporate earnings, while Coca-Cola (NYSE: KO) and Chipotle (NYSE: CMG) were active to the downside.
Existing home sales rose a solid 2.4 percent in September. Year-on-year, however, sales remain flat. U.S. earnings season was in full swing on Wednesday, but stocks ended sharply lower following a drop in oil prices. Also a shooting inside the Canadian parliament was cited as a negative factor. The Labor Department’s Consumer Price Index was up 0.1 percent in September, illustrating tame inflation that should allow the Fed to keep interest rates low for a time.
On Thursday stocks got a lift from Caterpillar (NYSE: CAT) and GM (NYSE: GM) earnings, as well as data signaling stronger economies from China to Europe. But AT&T (NYSE: T), Yelp (NYSE: YELP) and Amazon (NASDAQ: AMZN) earnings were on the downside. Initial jobless claims did rise up 17,000 to 283,000, but it’s still slightly better than the previous market consensus.
On Friday new home sales jumped to 6-year high in September, hitting 467,000 units. But this surge was only after August number was revised down. Microsoft rallied 4% after its earnings topped market projections.
Now let’s take a look at some stocks.
October 24, 2014 Weekly Stock Market Wrap up:
Apple (NASDAQ: AAPL
Texas Instruments (NASDAQ: TXN),
Communications (NYSE: VZ)
Chipotle (NYSE: CMG)
GM (NYSE: GM)
AT&T (NYSE: T),
Yelp (NYSE: YELP)
Amazon (NASDAQ: AMZN)
IBM (NYSE: IBM)
Coca-Cola (NYSE: KO)
Caterpillar (NYSE: CAT)
Business News – Financial News – Stock Exchange – New York Stock Exchange — Wall Street — Market News 2014
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KCRA 3 financial expert Kelly Brothers has the latest business news. Subscribe to KCRA on YouTube now for more: http://bit.ly/1kjRAAn
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Hosted by Victor Kgomoeswana, Africa Business News unpacks the biggest business stories from West, East and Southern Africa, doing business in Nigeria the World Bank releases its report, Zimbabwe’s plan on becoming more attractive to investors and Nairobi’s Securities Exchange takes a steep downturn.
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Business News – Financial News – Stock News — New York Stock Exchange — Market News 2014
Extreme volatility continued this week with multiple days of both huge gains and huge losses. Monday actually started out slow, as investors waited for results of the last Fed meeting to be released Wednesday.
On Tuesday, the International Monetary Fund cut its global growth forecast for this year by .1% and for next year by .2%; plus anemic economic reports from Europe contributed to major declines. The Dow Industrials, S&P 500, and NASDAQ all lost more than 1.5%, and the Dow Jones Transportation index dropped 2.5%.
On Wednesday, however, all was forgiven as the Federal Reserve released their minutes for last September’s meeting. It showed members greatly concerned with communicating clearly that rate hikes will be dependent on economic data rather than a fixed timetable. With the bond purchasing program ending this month, this gave investors reassurance that interest rates would not immediately rise and a huge rally ensued, gaining back all of Tuesday’s losses and then some. For the S&P 500, a loss of 1.5% on Tuesday, followed the next day by a gain of 1.7% is an extreme in volatility that markets haven’t seen since December 2011.
Thursday got bad again when economists reported Germany is on the verge of a recession and energy stocks declined significantly as it became apparent that rising global supplies will exceed slowing demand. However, jobless claims for the week ending October 4th were good, showing an increase of just 1,000 to 287,000. Analysts had expected the number to be higher. By the end of the day the Dow Industrials, S&P 500, and NASDAQ had all declined at least 2%.
Now let’s take a look at some stocks.
October 10, 2014 Weekly Stock Market Wrap up:
Yahoo! Inc. (NYSE: YHOO)
Hewlett-Packard (NYSE: HPQ)
Time Warner Inc. (NYSE: TWX
The Gap (NYSE: GPS)
Business News – Financial News – Stock Exchange – New York Stock Exchange — Wall Street — Market News 2014
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The Dow Jones dropped 350 points at the opening bell on bad economic news on retail sales and factory orders. Subscribe to KCRA on YouTube now for more: http://bit.ly/1kjRAAn
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KCRA 3 money expert Kelly Brothers has the latest business news. Subscribe to KCRA on YouTube now for more: http://bit.ly/1kjRAAn
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