Stocks end down as tax season has officially begun. The tax season is beginning 10 days later this year due to the government shutdown in October. While many victims of recent retail breaches have been the customers, in Coca-Cola’s (KO) case it was the employees. The company stated that over 70,000 past and current employees’ personal information has been compromised. As January comes to a close many are hoping for February to bring better news regarding the stock market. Wall Street wrapped up January in the red for the first time in 4 years. January normally serves as a barometer for the trading year, which brings worry to many investors. Only time will tell if the slow start in January will continue for the rest of the year.
Word on the Street
- Is Walmart (WMT) too expensive for those with food stamps?
- Obama hopes CEO’s can help minimize the number of long-term jobless Americans.
- Microsoft (MSFT) close to naming new CEO.
- Bank of America’s (BAC) settlement for $8.5B gets approval.
- Lululemon (LULU) sells sheer pants again.
- Chipotle (CMG) stock soars on better than expected earnings.