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Weekly Market Recap

Dow Jones and S&P 500 End the Month in Record Territory

May 30th, 2014

Weekly Wrap Up The Dow Jones and S&P 500 both ended the month in record territory. The S&P 500 ended with record highs multiple days this past week, but was joined by the Dow on Friday. Despite ending the day down, Nasdaq posted a gain for the month of May. For the first time in
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S&P Rallies Over 1900 For the First Time; Dollar and Gas See Weekly Gains

May 23rd, 2014

Weekly Wrap Up Wall Street extended gains through the end of the week with the S&P reaching record high territory once again. It is the first weekly advance for the index in three weeks. The Spring selling season is fully underway and it was reported that new home sales hit higher than expected in April.
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Roller Coaster of a Week for U.S. Stocks; TrueCar Shares Up 16% During IPO Debut

May 16th, 2014

Weekly Wrap Up Stocks had a roller coaster of a week. The Dow Jones and the S&P 500 achieved a record high on Monday, rose even higher on Tuesday to end at a new record high, then retreated from the record highs on Wednesday. General Motors (GM) was in the news a lot this week.
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Dow Jones Closes at Record High; Companies Continue to Release Q1 Earnings Reports

May 9th, 2014

Weekly Wrap Up Stocks continued to end mixed all week. The Dow Jones had a roller coaster of week, dropping nearly 130 points on Tuesday, then recovering the majority of that loss on Wednesday and ending the week at a new all-time high on Friday. Companies continued to release their Q1 earning reports this week
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April Jobs Report Beats Estimates; Fed Will Continue Tapering

May 2nd, 2014

Weekly Wrap Up The stocks ended the week down on Friday but had some bright spots during the week – on Wednesday the Dow Jones closed at a record high. The Federal Reserve announced this week that they would be cutting the stimulus once again. The Fed will  now only spend $45 billion a month
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60% of Companies Blamed Weather in Q1 Earnings Reports; Stocks End Mixed Week Down

April 25th, 2014

Weekly Wrap Up The U.S. stocks overall had a mixed week. The S&P 500 was on a six-day winning streak that ended on Wednesday. The three main U.S. indices ended the week down. Many companies have been releasing their first quarter earning reports this week. One overwhelming trend is that 60% of companies blamed “weather”
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S&P 500 & Nasdaq End the Week Up; Food Costs Continue to Rise

April 18th, 2014

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
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Nasdaq Closes Below 4000 On Friday; Only 3 Companies Now Hold AAA Rating

April 12th, 2014

Weekly Wrap Up Overall the U.S. stocks struggled this past week. On Thursday the Dow Jones fell 267 points and Nasdaq dropped 3.1%. Then on Friday Nasdaq fell an additional 1.3% and ended the day below 4000. The Federal Reserve released the minutes from their mid-March meeting on Wednesday and revealed that the overwhelming majority
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March Jobs Report Released; Stocks End the Week Way Down

April 4th, 2014

Weekly Wrap Up Stocks started the week off strong, with the S&P 500 hitting a record high to start off the second quarter on Tuesday. But the U.S. stock indices ended the week significantly down, with Nasdaq falling over 100 points. The March jobs report was released this week showing that the job market continues
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Stocks Continue to Struggle But Traders Remain Positive

March 28th, 2014

Weekly Wrap Up U.S. stock indices overall had a pretty poor week with the exception of Tuesday, where the Dow jumped up nearly 100 points. This year so far, the stocks have not been performing as well as they did last year and speculation continues to the reasoning behind this, whether it is increased risk
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Stocks See Weekly Gains; Fed Announces Taper Plans and Stress Test

March 21st, 2014

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
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Warren Buffett Expects Stocks to Remain Strong; Multiple Bankruptcy Filings

March 14th, 2014

Weekly Wrap Up The stocks were mostly down this week, with the Dow Jones falling over 200 points on Thursday. Despite the low week for stocks, investor Warren Buffett doesn’t think that it should be alarming. He does however believe that a market plunge similar to what occurred in 2008 will occur again, but not
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Store Closings Continue as S&P 500 Achieves Another Record Close

March 7th, 2014

Weekly Wrap Up After a slow start this week due to the crisis in Ukraine, the S&P 500 achieved yet another record high on Friday. The Fed’s Beige Book seems to support the notion that the harsh winter weather has played a significant role in slowing down the economy, as Yellen has been saying for
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Gas Prices Jump as S&P 500 Closes at All-Time High Again

February 28th, 2014

Weekly Wrap Up After closing at a record high on Thursday, the S&P 500 bested that record high and ended even higher on Friday. After gas prices continued to fall at the end of 2013, they seem to be rising once again. Prices are up 17 cents in the past 21 days nationwide, on the
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Short Week Reveals Continual Stock Trouble as Fed Releases January Minutes

February 21st, 2014

Weekly Wrap Up The U.S. stock market had a short week after being closed on Monday for President’s Day. And the trend of stocks this year continues, they repeatedly end the day down or mixed. Despite President Obama’s big push to raise the minimum wage to $10.10, many believe that there would be serious consequences
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Export Prices Continue to Rise; Jos. A. Bank to Purchase Eddie Bauer

February 14th, 2014

Weekly Wrap Up After experiencing a tough year so far, the stocks ended this week with the best weekly gains of 2014. Export prices rose 0.2% in January, for the third straight month, showing a positive outlook for American manufactures. Due to the harsh winter weather the the country has experienced over the past month
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Facebook Celebrates 10 Years as January Jobs Report is Released

February 7th, 2014

Weekly Wrap Up The week began with the worst start in February since 1933 but ended on a high note as all three main U.S. indices ended in the green on Friday. On Tuesday of this week Facebook (FB) celebrated its 10th birthday. Over the past 10 years Facebook has become one of the top
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Earnings Reports Continue to be Mixed; Yellen Takes Over Feb. 1st

January 31st, 2014

Weekly Wrap Up The Federal Reserve met this week and decided to increase tapering by another $10 billion, which will reduce its bond-buying program to $65 billion in February. This week also marks the last week that Bernanke will serve as the chair of the Federal Reserve, as Janet Yellen takes over on February 1st.
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Stocks Continue to Struggle as Dow Jones Drops 318 Points

January 24th, 2014

Weekly Wrap Up Stocks continue to struggle this week with the Dow Jones ending the week dropping around 318 points on Friday. The S&P 500 and the Dow Jones finished the week below 1,800 and 16,000, respectively. The World Economic Forum began this week bringing the world’s top leaders together in Davos, Switzerland. While many
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S&P 500′s Record High is the Bright Spot of the Week

January 17th, 2014

Weekly Wrap Up After having mixed results since the beginning of the year the stocks had a bright spot this week – on Wednesday the S&P 500 ended the day with a record high. Many companies reported this week that their 4Q earnings were not as high as they were expecting. Many retailers are falling
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