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Weekly Market Recap

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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Fischer Selected as Vice Chairman of the Fed; CGI Fired as Contractor of Healtcare.gov

January 10th, 2014

Weekly Wrap Up Stocks continued to struggle throughout the week. The week ended with the Dow Jones ending down due to a disappointing December jobs report. President Obama has selected Stanley Fischer as the new vice chairman of the Federal Reserve. Fischer will be replacing Janet Yellen as she is set to become the next
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Will the Economy Continue to Improve in 2014?

January 3rd, 2014

Weekly Wrap Up This week we saw an end to 2013 and the beginning of 2014. On Thursday, the first day of trading, the stocks ended down and experienced its worst opening day since 2008. While 2014 didn’t start off great, 2013 was announced as the best year for the stock market since 1997. Many
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Judge Ruled NSA’s Actions are Legal; U.S. Jobless Aid Ends Today

December 27th, 2013

Weekly Wrap Up The stocks end down after Dow Jones achieved another record high on Thursday. It is now likely that the case involving the NSA and its collection of millions of Americans’ Internet and telephone records will be seen by the U.S. Supreme Court after a federal judge ruled that the NSA collection efforts
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The Fed Reveals Tapering Plans as U.S. Economy Expands

December 20th, 2013

Weekly Wrap Up The week began with the stocks up after third quarter productivity data was released on Monday, showing that U.S. worker productivity jumped up 3%. But, the big news this week occurred on Wednesday as the Federal Reserve finally announced that they will begin tapering the stimulus package in January 2014. They have
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Stocks End Mixed After Lackluster Week; Twitter’s Stock Continues to Rise

December 13th, 2013

Weekly Wrap Up The stock market had an overall lackluster week. After the S&P 500 ended Monday with a record close, the market ended down for the next three days. To close the week, the Dow Jones and Nasdaq ended in the green while the S&P 500 ends in the red. The poor week was
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Jobs Report Signals an Improving Economy

December 6th, 2013

Weekly Wrap Up Cyber Monday started off the week delivering a record number of sales as more retailers develop specific mobile sites, giving customers additional platforms to purchase from. The stocks have been primarily down this past week but the Dow, Nasdaq, and S&P 500 all finished in the green on Friday after the jobs
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Record Finishes for Dow Jones and the S&P 500 Highlight the Week

November 22nd, 2013

Weekly Wrap Up The Dow Jones continues its record run, ending Thursday above 16,000 for the first time in history. It was followed quickly by the S&P 500 finishing above 1,800 for the first time ever on Friday. Janet Yellen received the nomination for chair of the Federal Reserve by the Senate Banking committee, which
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Yellen Nominated by Obama; Merge Creates the World’s Largest Airline Carrier

November 15th, 2013

Weekly Wrap Up The stock market continued to make headlines all week after setting, and then beating multiple record days. The S&P 500 and Dow Jones ended the week up for the sixth straight week. President Obama announced his nomination for the next chair of the Federal Reserve, Janet Yellen. During the Senate Banking Committee
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Twitter and the October Jobs Report Highlight the Week

November 8th, 2013

Weekly Wrap Up The week’s big news was that Twitter (TWTR) finally entered the market after many weeks of discussing terms and IPO prices. Thursday was its first day on the market and its stocks rose nearly 77% during the day and ended at $44.90 per share. While Friday wasn’t as successful for Twitter, share
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