Weekly Market Recap

Stocks Bounce Back; Microsoft Announces Layoffs

July 18th, 2014

Weekly Wrap Up Stocks end the week up, bouncing back from ending drastically down on Thursday. The factors that drove the stocks down this week were mainly geopolitical events, including the Malaysia Air crash in Ukraine and the continuing violence in Gaza. This week Janet Yellen stated that she believed that many U.S. stocks were
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Fed Releases June’s Minutes; AMZN

July 12th, 2014

Weekly Wrap Up After the Dow ended above 17,000 for the first time last week, stocks were mainly down this week. There are many factors that have contributed to the stocks ending down; but the main reasons are the possible spreading of the Portuguese financial crisis throughout Europe and that the chief of the International Monetary
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Street Ends Mixed This Week as Consumer Sentiment Brightens (GPRO, NKE)

June 27th, 2014

Weekly Wrap Up The US markets were able to close higher on Friday, but both the SP 500 and Dow Jones ended lower for the week. Nasdaq saw its second consecutive weekly gain. Consumer sentiment reportedly rose this month to a reading of 82.5 for June, driven by auto sales. On Wednesday it was announced
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Fed Continues to Trim Stimulus; Amazon Unveils 3-D Fire Phone

June 20th, 2014

Weekly Wrap Up The week ended on a high note with the Dow Jones and S&P 500 closing at record highs. In addition, Nasdaq closed at a 14-year high. The Federal Reserve met this week and announced, as expected, that they would be cutting the stimulus package by another $10 billion, reducing monthly spending from
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S&P 500 Surpassing 2014 Outlook; Global Unrest Drives Stocks Down

June 13th, 2014

Weekly Wrap Up Stocks had a rocky week partially due to the ongoing unrest in Iraq. This unrest is also pushing crude oil prices to their highest level this year and increasing the global demand for oil. The World Bank also lowered its global economic outlook due to ongoing conflicts in many parts of the
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Record Finishes Continue for Dow and S&P 500; Nasdaq Hits 3-Month High

June 6th, 2014

Weekly Wrap Up The Dow Jones and the S&P 500 achieved multiple record closes throughout the week. They both also ended the week with record highs and Nasdaq finished the week off at its highest level in almost 3 months. The May jobs report was released on Friday and the U.S. added 217,000 jobs last
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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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