S&P 500 & Nasdaq End the Week Up; Food Costs Continue to Rise

Weekly Wrap Up


The S&P 500 and Nasdaq ended in the green every day this week, while the Dow ended down on Thursday and Friday. This week President Obama announced that 8 million Americans signed up for health care exchange policies prior to the deadline of March 31st. Jobless rates fell in 21 states in March, but rose in 17 states. As a nation jobless rates are nearing that of pre-recession levels and hovering right around 300,000 claims.

Michaels Stores announced a large security breach on Thursday. While not as large as Target's (TGT), Michaels confirmed that over 2.6 million cards were compromised due to a breach from May 2013 to January 2014.
Secret Service investigators are continuing to look for info regarding Target's massive breach last year but state that it may take years to bring down the individuals who are responsible. Chipotle, (CMG) the popular fast-food chain announced this week that they will be raising prices for the first time in three years. The decision was made due to the rising cost of food. And this rising cost of food isn't only impacting Chipotle, it is impacting many restaurants and grocery stores nationwide.

Economic News


Slide Show: The Fed's Enormous Balance Sheet in Seven Charts
The Federal Reserve’s balance sheet is twice the government expenditures for all 50 states, equal to the net worth of 56 Bill Gates and could buy 6.5 billion iPhones. Here’s everything you need to know. (Source: Market Watch) Click here to read the full article

March Jobless Rates Fall in 21 States 
Unemployment rates fell in 21 states last month and joblessness in 24 states was 6.0% or less, the Bureau of Labor Statistics said Friday. (Source: USA Today) Click here to read the full article

Business News


(CMG)
Shares of Chipotle Mexican Grill Inc. (CMG) closed down -32.79 or -5.94 percent to $519.61 per share in active trading on Thursday, after the company announced first quarter earnings that came in below analyst expectations. (Source: InvestorGuide) Click here to read the full article

(GOOG)
Shares of Google Inc. (GOOG) were up +2.48 or +0.47 percent to $535.00 per share in pre-market trading on Tuesday, after the company announced yesterday the acquisition of drone and satellite maker Titan Aerospace. (Source: InvestorGuide) Click here to read the full article

(IBM)
Shares of International Business Machines Corp. (IBM) were trading down -7.20 or -3.67 percent to $189.20 per share in pre-market trading on Thursday, after the company reported earnings following the market close on Wednesday. (Source: InvestorGuide) Click here to read the full article

Technology Focus


(TWTR)
Shares of San Francisco based Twitter, Inc. (TWTR) rose on Tuesday on a strong day on the stock exchanges overall. Twitter stock closed at $45.52, up $4.65 per share, or 11.38%, on volume of 24,285,070 shares. (Source: InvestorGuide) Click here to read the full article

(FB)
Shares of Facebook Inc. (FB) were up +0.73 or +1.25 percent in pre-market trading on Monday, after the company announced over the weekend that it would seek approval from Irish regulatory authorities to provide financial services to its customers. (Source: InvestorGuide) Click here to read the full article

Your Money


Stocks to Own for the Next 25 Years
What do Oracle, Microsoft, and Charles Schwab all have in common? If you bought and held any of these names on the day of CNBC's first broadcast, your investment would be up by more than ten thousand percent. (Source: CNBC) Click here to read the full article

3 Ways to Beat the Odds and Save More Money 
Are you gainfully employed and yet failing to save 12% to 15% of your income? Jonathan Clements has some steps that might get you on track. (Source: Market Watch) Click here to read the full article

Published on Apr 18, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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