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Weekly Market Recap

Markets Await Cyprus Bailout Deal, End Down for the Week

March 22nd, 2013

Weekly Wrap Up This week investors and economists turned to the euro zone as lawmakers rejected a bailout deal in Cyprus and worked on a different resolution. In the US, Chairman Bernanke stated that the Fed would continue to support their current stimulus plan as the economy seems to be continuing to recover moderately. The
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Dow Finishes 10-Day Winning Streak; US Inflation Highest in Three Years (AAPL, JPM)

March 15th, 2013

Weekly Wrap Up The Dow Jones Industrial Average extended what became its longest advance in over sixteen years this week. On Friday the Dow retreated slightly, ending its ten-day gain and the S&P also neared its record close. Oil and natural-gas futures both rose for the week as investors took in recent data that showed
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S&P Has 9th Week of Gains Out of 10; Jobs Data Lifts Dow

March 8th, 2013

Weekly Wrap Up For the week stocks made big gains, leaving the S&P just 14 points from its all-time closing high – it was its 9th weekly gain out of ten. The Dow hit its fourth straight record high on Friday. February non-farm payrolls were released, drastically exceeding expectations. The unemployment rate fell to 7.7%
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Wall Street Gains for the Week Despite Sequestration Worries (HD, GPS, BBY, JPM)

February 28th, 2013

Weekly Wrap Up The Dow, NASDAQ, and S&P all finished the week higher as reassuring comments by Ben Bernanke and better-than-expected earnings boosted investor confidence. Although GDP grew less than expected in Q4 of 2012 and Washington failed to reach a budget deal on Friday, investors remained optimistic on reports that manufacturing and consumer confidence
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S&P Sees First Weekly Loss of the Year, Merger Activity Heats Up (AIG, HPQ, WMT)

February 21st, 2013

Weekly Wrap Up
Most major US markets closed the week lower, with the DOW bucking the trend by once again closing over 14,000. The Euro hit a 6-week low vs the USD on ECB loan repayment news. On Thursday, jobless claims rose for the first time in …

S&P Positive For Seventh Week; Major Mergers Create Headlines (BRK.A, CMCSA)

February 15th, 2013

Weekly Wrap Up This was the seventh consecutive week that the S&P 500 ticker higher while the rest of the major indices finished mixed. Several large mergers were announced this week, including a deal between Comcast (CMCSA: Charts, News) and NBC Universal for $16.7 billion, the merger between AMR Corp (AAMRQ: Charts, News) and US
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Indices Extend Gains with Nasdaq Near 12-Year High; Trade Gap Narrows

February 8th, 2013

Weekly Wrap Up The major indices in the US ended near highs by the end of the week. Nasdaq closed near a twelve-year high and the Dow Jones finished just under 14,000. Gold dropped on Friday but only ended the week modestly lower at just under $1,670 an ounce. The dollar gained about 1.4% on
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Dow Jones Sees 14,000 Points for the First Time Since Oct. 2007

February 1st, 2013

Weekly Wrap Up This week important data was released regarding the jobs market and plans from the US government for future policy. GDP contracted more than was forecast but the addition of 157,000 jobs in January suggests that the labor market was improving towards the end of 2012. During the week the Federal Reserve announced
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S&P 500 Posts 1.1% Rise for the Week; Apple Drags Down Nasdaq (AAPL)

January 25th, 2013

Weekly Wrap Up
This week was momentous for the S&P 500. The major index extended what has now become its longest winning run in over six years. Stock was trading higher due to many positive quarterly earnings as well as generally positive housing m…

Market Sees Third Straight Week of Gains on Solid Earnings (MS, AAPL)

January 18th, 2013

Weekly Wrap Up
This week investors’ attention was drawn to fourth-quarter earnings results from major corporations. Many companies reported positive data including major banks like Morgan Stanley (MS) and Goldman Sachs (GS). The tech sector also ha…

Wall Street Ends Higher on the Week as Q4 Earnings Season Begins

January 11th, 2013

Weekly Wrap Up
US stocks saw gains and global economies showed multiple signs of positive growth this week. By Friday the euro rose to its highest level against the dollar since April mostly due to encouragement from Mario Draghi of the European Ce…

S&P 500 Closes Out the Week at its Highest Since 2007; Congress Passes Budget Deal

January 4th, 2013

Weekly Wrap Up
It was a shorter week than usual for trading due to the New Year’s holiday on Tuesday. Late Monday night a deal was reached in Washington that would increase taxes on the wealthiest 2% in America and prevents tax hixes and spending c…

Stocks Slump for Five Straight Sessions on Dimming Hopes for a Cliff Deal

December 28th, 2012

Weekly Wrap Up
Stocks ended on Friday with five straight sessions of losses after investors’ hopes of a budget agreement continued to decrease. Many awaited news from President Obama about a cliff deal on Friday while the GOP is not set to reconven…

The Dow, S&P 500 and Nasdaq Compositve All Finish Up for the Week

December 21st, 2012

Weekly Wrap Up
The major indices were inconsistent over the last five sessions but finished the week with positive gains. Investors focused mostly on fiscal cliff talks between the House and President Obama, but hopes have faded as it seems unlikel…

Stocks End Mixed for the Week Due to Lack of Fiscal Cliff Progress

December 14th, 2012

Weekly Wrap Up
This week many were hopeful for progress with fiscal cliff talks but by Friday no common ground had been reached. It is unlikely that a deal with be agreed on before the holidays and negotiations will most likely continue into 2013. …

Stocks End the Week Mostly Higher Despite Fiscal Cliff Worries

December 6th, 2012

Weekly Wrap Up
The Dow and S&P finished the week higher, but another sell-off in Apple ((AAPL: Charts, News)) depressed tech shares and kept the Nasdaq negative. The jobs report released Friday showed better-than-expected growth, however lower-tha…

Companies Share Mixed Earnings Results as Street Focuses on Fiscal Cliff Talks

November 30th, 2012

Weekly Wrap Up
Despite the rise of holiday shopping and the amount of spending on Black Friday and Cyber Monday, quarterly results and sales were mixed for many corporations over the past five days. Green Mountain Coffee Roasters (GMCR: Charts, New…

US Markets Finish With Weekly Losses on Fiscal Cliff Concerns

November 16th, 2012

Weekly Wrap Up
The markets had a rough week as most investors were focused on fiscal cliff worries and talks that began on Friday. Despite a slightly positive end, in general the major indices slipped. The Nasdaq Composite ended 1.8% lower, the S&P…

Stocks Have Worst Week Since June, Election Causes Large Drops (GRPN, MCD)

November 9th, 2012

Weekly Wrap Up
Major indices sank this week as investors’ worries grew over the looming fiscal cliff and lack of major change that occurred during the elections on Tuesday. Now that President Obama has been re-elected, Wall Street must refocus on is…

Storm-Shortened Week Ends in a Wall Street Selloff (SBUX, AAPL)

November 2nd, 2012

Weekly Wrap Up
Due to Hurricane Sandy hitting the Northeast earlier in the week, US markets were only open for a short three days. A combination of mounting costs from the storm and next Tuesday’s presidential election has caused many investors to w…