January 24, 2014 Financial News – Business News – Stock Exchange – NYSE – Wall Street – Market News

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Business News – Financial News – Stock News — New York Stock Exchange — Market News 2014

Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2014

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This week’s wrap up from RK Walker:

Markets were closed Monday due to a national holiday, and the remaining days of trading were a mixed bag.

The S&P 500, having reached record highs last week, just couldn’t keep the momentum going. Companies are reporting their earnings, and although they haven’t been bad, they haven’t been great either. A familiar pattern continues of lackluster or negative revenue growth, yet earnings per share rise due to cost cutting or share buybacks.

On Friday, emerging market currencies fell against the US dollar, creating more worry and prompting major indexes to drop. On Thursday, the flash Purchasing Managers’ Index for China fell to 49.6 in January, down from 50.5 in December. Readings below 50 indicate contraction in the manufacturing sector, and this is the first reading below 50 for China in six months.

Jobless claims for the week ending January 18 came in at 326,000, only 1,000 more than the previous week. Existing home sales increased 1% for December to 4.87 million units.

January 10, 2014 Weekly Stock Market Wrap up:
Advanced Micro Devices (NYSE: AMD)
Motorola Solutions, Inc. (NYSE: MSI)
Netflix, Inc. (NASDAQ: NFLX)
Nokia Corporation (NYSE: NOK)

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