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Weekly Market Recap

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 … READ MORE

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. … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE

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% … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE

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 … READ MORE