Stocks See Weekly Gains; Fed Announces Taper Plans and Stress Test

Weekly Wrap Up


Despite a slight downturn on Friday, most of the major US indices were able to finish the week with gains. On Friday the S&P 500 hit an intraday high before retreating. The Federal Reserve drew much attention this week - Janet Yellen announced that the stimulus package would continue with its taper as long as inflation remains below 2.0% and the labor market continues to improve. The Fed also released results of its stress test on banks, created to evaluate their ability to handle another crisis like the one in 2008.

In corporate news, Nike (NKE) slipped after mentioning that a strong dollar and higher exchange rates would hurt its overall sales.
Starbucks (SBUX) announced it will be expanding their product offerings with "Starbucks Evenings" and alcoholic beverages. Amazon (AMZN) shared plans to sell a video streaming service starting next month. For the week gold futures saw a 3% drop after 4 days of losses and oil futures finished with a gain.

Economic News


US Stock Market Heads for a Solid Weekly Gain
The stock market looked ready to finish the week with a solid gain, as most major indexes crept higher Friday. The Standard & Poor's 500 index steamed toward an all-time high in early trading, then sagged near the breakeven mark in the afternoon. (Source: Yahoo!) Click here to read the full article

Dollar Slips, But Eyes Weekly Rise Post-Fed
The U.S. dollar edged lower against the Japanese yen and euro Friday, but remained on track for weekly gains as traders continued to focus on a Federal Reserve meeting that left markets anticipating earlier policy rate hikes than initially expected. (Source: MarketWatch) Click here to read the full article

Business News


(HTZ)
Shares of Hertz Global Holdings (HTZ) closed up +1.24 or +4.77 percent on Monday, after the company announced it would be spinning off its construction equipment rental business. (Source: InvestorGuide) Click here to read the full article

(XONE)
Shares of The ExOne Company (XONE) were trading down -3.95 or -9.03 percent to $39.80 per share in pre-market trading this morning, after the company reported a quarterly loss and a drop in revenue. (Source: InvestorGuide) Click here to read the full article

(ICPT)
Shares of Intercept Pharmaceuticals Inc. (ICPT) were down -32.26 or -6.98 percent to $430.00 per share in pre-market trading on Monday, after the company announced in their 10K filing late Friday that there were adverse cardiac issues connected to their experimental drug for the treatment of liver disease. (Source: InvestorGuide) Click here to read the full article

Technology Focus


(HPQ)
Shares of Palo Alto, California, based Hewlett-Packard Company (HPQ) rose on Tuesday, against the backdrop of a generally higher day on Wall Street. (Source: InvestorGuide) Click here to read the full article

(UPIP)
Shares of Coupons.com (COUP) closed up +14.00 or +87.5 percent to $30.00 per share on Friday after the company had their Initial Public Offering. (Source: InvestorGuide) Click here to read the full article

Your Money


17 Successful Entrepreneurs Share Their Best Productivity Hacks
Starting and maintaining a small business takes an exceptional amount of work, and time is a precious commodity. That's why most successful entrepreneurs have developed a few tricks along the way to increase their productivity and effectiveness. (Source: Business Insider) Click here to read the full article

3 Public Speaking Secrets From the Most Successful TED Talks
Want to give a presentation that has the magic of a TED Talk? It's not as hard as you may think. (Source: Business Insider) Click here to read the full article

Published on Mar 21, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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