January 23, 2015 Financial News – Business News – Stock Exchange – NYSE – Market News

January 23, 2015 Financial News – Business News – Stock Exchange – NYSE – Market News

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Business News – Financial News – Stock News — New York Stock Exchange — Market News 2015

Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2015

Markets were closed on Monday for Martin Luther King Day. On Tuesday after switching direction multiple times during the session, U.S. stocks managed to finish higher in the final hour of trading. A late rise in technology and airline shares gave the markets a lift but the price of WTI crude oil fell as much as 5%. In addition, the market is still digesting the impact of last week’s currency action set off by the Swiss National Bank. The IMF cut its outlook for global economic growth for 2015 and 2016, projecting growth of 3.5 percent this year and 3.7 percent for next. The National Association of Home Builders reported solid conditions with the housing market index at 57 in January.

On Wednesday stocks continued to rise on Wall Street. The biggest story on Wednesday came from Canada, where the Bank of Canada slashed the main overnight interest rate to 0.75%, a move that sent Canadian stocks higher and the Canadian dollar weaker. In the housing market, we got some good news as Housing Starts climbed 4.4%. Housing activity picked up in December and this time strength was in the single-family component.

Markets staged a huge rally on Thursday after the European Central Bank announced it would start a much anticipated quantitative easing program to stave off deflation in the Eurozone. The ECB said on Thursday that starting in March it will purchase billion of bonds per month until September 2016. Earnings season is kicking into high gear, companies like Southwest Airlines (NYSE: LUV), Delta Airlines (NYSE: DAL), United Health and Union Pacific (NYSE: UNP) all posted upbeat earnings reports, but Johnson & Johnson (NYSE: JNJ), Morgan Stanley (NYSE: MS), and IBM (NYSE: IBM) were among the others that didn’t perform so well. Next week we will get one of the most watched reports on Wall Street from Apple (NASDAQ: AAPL). On Friday U.S. stocks opened mostly lower as investors considered economic data, earnings and energy costs.

January 23, 2015 Weekly Stock Market Wrap up:

Union Pacific (NYSE: UNP)
Johnson & Johnson (NYSE: JNJ)
Morgan Stanley (NYSE: MS)
Netflix (NASDAW: NFLX)
BlackBerry (NASDAQ: BBRY

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