Weekly Market Recap

Dow Snaps 6-Week Streak as Taper Uncertainty Continues (YELP, FSLR)

August 9th, 2013

Weekly Wrap Up After six positive weekly gains in a row, the Dow Jones finally snapped its winning streak. The US markets fell four out of five days this week with light trading volume and mixed corporate earnings. Groupon (GRPN: Charts, News) surged earlier in the week on earnings and hopes for a turnaround while
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Wall Street Rides Social Media to the Top

August 1st, 2013

Weekly Wrap Up It was a good week for the markets as all the major indices posted week over week gains. Investors patiently waited for an underwhelming Friday jobs report. However, the Fed seemed to encourage traders when it announced Wednesday that it would continue its $85 billion monthly bond purchasing program. The private sector
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Dow Extends Positive Rally to 5 Weeks and US Sentiment Rises (AAPL, YHOO)

July 26th, 2013

Weekly Wrap Up
Throughout the week all three major US indices saw major gains, but overall mixed on average for the five sessions. Investors weighed corporate earnings that were both exceptional as well as below expectations. Starbucks (SBUX: Chart…

Oil Tallies 4-Week Gain; Street Shifts Focus to Earnings (BAC, MSFT)

July 19th, 2013

Weekly Wrap Up The focus this week remained on earnings reports from corporations within the US. Among companies that beat expectations were General Electric (GE: Charts, News), who was trading at a 5-year high by Friday, Bank of America (BAC: Charts, News) and Johson & Johnson (JNJ: Charts, News). Earlier in the week Tesla (TSLA:
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Gold and Oil End Much Higher for the Week; Earnings Season Begins

July 12th, 2013

Weekly Wrap Up This week kicked off the earnings season for corporations and led the markets into a series of positive sessions. After Alcoa (AA: Charts, News) released upbeat results and Ben Bernnake assured investors that the Fed would remain accommodating with its stimulus, Wall Street reached new record highs. Both the Dow and S&P
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US Markets On Track for a Quarterly Gain; Fed Taper in Focus (AAPL, FB)

June 28th, 2013

Weekly Wrap Up
Data as of 3:00 PM. After an initial selloff on Monday, a very strong three-day rally and mixed results on Friday, Wall Street moved toward a weekly gain. At the start of the week economic worries in Asian markets and the continued r…

Stocks Volatile This Week on Taper Plan from Fed (ORCL, FB)

June 21st, 2013

Weekly Wrap Up
This week of trading was very volatile with indices seeing the largest drop since November of 2011. Stocks were able to flatten out slightly by Friday after what was a strong reaction to the Fed’s comments of its plan to ease up on t…

Street Logs 3rd Negative Week in 4; Stimulus Worries Continue

June 14th, 2013

Weekly Wrap Up Although the S&P 500 saw its best day since January 2 on Thursday, the major US indices slid lower for the week and it was the third weekly loss in the past four. Investors remain focused on the Fed’s plans to continue the record-low interest rates and the IMF suggested on Friday
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Markets See First Weekly Gain in Three, Jobs Data (AAPL, KKD)

June 7th, 2013

Weekly Wrap Up
Throughout the week investors anxiously awaited several economic reports and any reaction from the Fed about scaling back its bond purchasing program. It was announced on Monday that manufacturing activity slowed to the lowest rate i…

May Ends on a Positive Note for Stocks, Economic Indicators Mixed

May 31st, 2013

Weekly Wrap Up [Data as of 2:10 PM EST] The S&P 500 finished this week on track to see its seventh straight positive month and has already gained 15% in 2013 so far. Economic reports were mixed – consumer sentiment increased in May and home prices are on the rise, but jobless claims ticked higher.
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Volatile Week of Trading Ends Four-Week Run for US Markets

May 24th, 2013

Weekly Wrap Up This week investors focused mostly on comments from the Federal Reserve and global economic indicators that were shared. Word that the US central bank may scale back its QE caused the markets to decline for several sessions in a row. Weak Chinese manufacturing data was released on Thursday and caused volatile trading
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US Indices Finish With Fourth Straight Week of Gains (DELL, TSLA)

May 17th, 2013

Weekly Wrap Up Several positive economic indicators were released towards the end of the week that signaled economic expansion in the US. Consumer sentiment rose more than was anticipated and unemployment dropped in many states throughout the country. Both the Dow and S&P hit record highs at points during the week. Companies such as Cisco
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Wall Street Sees Third Week of Gains on Strong Tech Moves

May 9th, 2013

Weekly Wrap Up This week the S&P 500 continued to rally and hit record numbers and by Tuesday the Dow topped 15,000 for the first time. All three major indices saw their third week of consecutive gains. Even though job openings fell this month, jobless claims dropped to an unexpectedly low number and the four-week
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Dow and S&P Hit Record Highs on Positive Economic Reports

May 3rd, 2013

Weekly Wrap Up The markets were up and down this week but managed to end on a positive note. Jobless claims dropped to a five-year low. Early on Monday the euro zone approved a 2.8 billion euro loan plan for Greece, and finally on Thursday the ECB announced its refinancing rate cut. By the end
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Street Ends on Mixed GDP Data, Indices See Weekly Gains (AMZN, AAPL)

April 26th, 2013

Weekly Wrap Up Towards the end of the week important economic data was released in the US, disappointing many investors and analysts. The US economy reportedly expanded at a rate of 2.5% during Q1, but at the same time government spending sank. Both factors fell short of expectations. The dollar declined in reaction to this
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Global Growth Slows; S&P Has Worst Week Since November (IBM, AAPL)

April 19th, 2013

Weekly Wrap Up This was a mixed week for the major indices with earnings reports that were both hits and misses. Several big corporations had positive news for investors, including Google (GOOG: Charts, News), Microsoft (MSFT: Charts, News) and eBay (EBAY: Charts, News), while others missed expectations. Apple (AAPL: Charts, News) continued to fall and
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Wall Street Notches Solid Gains for the Week (HPQ, JCP)

April 12th, 2013

Weekly Wrap Up Despite paring some losses on Friday, the major indices saw record levels earlier in the week. On Thursday the Dow settled at a record high for the third day in a row and the S&P hit its second consecutive record high. The jobless claims report this week was a positive one, but
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Disappointing Jobs Report Hurts Markets and Economic Outlook

April 4th, 2013

Weekly Wrap Up The week ended with negative news coming from the jobs market and dragged down the major US indices. It was reported that employers added less new jobs than was expected for the month of March and the labor participation rate dropped to 63.3%, a thirty four-year low. The S&P experienced its worst
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US Indices Finish Strong for the Quarter; Euro Zone Concerns Continue

March 29th, 2013

Weekly Wrap Up This week in the US multiple reports signified economic healing and caused consumer sentiment to jump after an initial decline at the beginning of March. Consumer spending increased by the most in about five months and the jobs market saw good news with a rise in income and the number of new
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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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