Weekly Market Recap

Housing Industry Data and Disappointing Earnings Reports Bring Mixed Endings for Market (GOOG, GE)

October 19th, 2012

Weekly Wrap Up
Many companies released their earnings reports this week, with important news coming from Google (GOOG: Charts, News), Microsoft (MSFT: Charts, News), Advanced Micro Devices (AMD: Charts, News) as well as big banks like Bank of Americ…

US Stocks Lower on Euro Zone and Earnings Concerns

October 12th, 2012

Weekly Wrap Up
Early on in the week focus was drawn to the most recent unemployment report with the jobless rate dropping to 7.8%, the lowest level since January of 2009. It was reported that the US fiscal year deficit for 2012 ended at $1.089, a mo…

Several Days of Gains this Week; Jobless Rate Drops to 7.8%

October 5th, 2012

Weekly Wrap Up
[Market prices as of 3:00 PM] By Friday both the Dow Jones and S&P 500 were on course to hit five-year highs after positive unemployment rate data in the US. Despite the positive end to the week, many say that the market may struggle …

US Indices Off this Week Despite iPhone Launch and Hopes for a Spanish Bailout (AAPL, TRLA)

September 21st, 2012

Weekly Wrap Up
One of the biggest pieces of news on investors’ minds was the sudden drop of oil prices early this week. On the week, oil lost about 6% due to setbacks and Saudi Arabian talks earlier on but made a small comeback on Thursday and Frida…

Stocks Make Strong Gains on Proposed Fed Action and Apple (AAPL) Hits Record

September 14th, 2012

Weekly Wrap Up
Focus this week remained on policy meetings held by both the German court and the Federal Reserve on Wednesday and Thursday, respectively. The German court announced their approval of a new rescue fund and budget pact, which lifted gl…

Wall Street Gains for the Week, Negative Jobs Data Holds Back Further Rally

September 6th, 2012

Weekly Wrap Up
More Market News

Economic News
Dollar at Four-Month Low vs. Euro as US Jobs Data Points to QEThe dollar fell to a near four month low against the euro and a one month low against the yen on Friday after a smaller-than-expected r…

Six Week Rally Ends on Wall Street, Hopes are High After Comments from Bernanke

August 24th, 2012

Weekly Wrap Up
Global markets saw many ups and downs throughout the week while Wall Street indices were weak overall. The US markets ended what was a six week streak of gains. Throughout the week important leaders met to discuss the euro zone crisis…

Stocks on Track for 6 Weeks of Straight Gains, US Economic Measures Show Promise

August 17th, 2012

Weekly Wrap Up
This past week had mostly light trading but most stocks continued to push to what might soon be six straight weeks of gains. Several important reports were released throughout the week. Consumer sentiment was said to have increased in…

S&P Has Five Day Streak, US Weekly Reports Give Hope (FIO, JCP)

August 9th, 2012

Weekly Wrap Up
This was mostly a positive week with all three major US indices starting out strong with gains. The S&P 500 continued a five day positive streak through Friday. Several reports including the decrease in jobless claims a shrinking trad…

After a Rough Week Stock Market Hits a Three-Month High (FB, NITE)

August 2nd, 2012

Weekly Wrap Up
After a series of poor trading days this week, stocks ended positive on Friday. At the end of the week, jobs were reported to have increased by 163,000 in July, helping the stock market rally to a three-month high. Investors awaited t…

Early Losses are Balanced Out By the End of the Week, ECB Plans Eurozone Action

July 26th, 2012

Weekly Wrap Up
Losses early on in the week due to tech stock losses and a darkening outlook in the eurozone were mostly erased on Thursday and Friday after talks from ECB president Mario Draghi about increased efforts to aid the economic crisis in E…

Low End to the Week, Global Economic Concerns Continue to Drive Down Stocks

July 20th, 2012

Weekly Wrap Up
During the past week many quarterly reports – both positive and negative – were released. Goldman Sachs (GS: Charts, News, Offers), Morgan Stanley (MS: Charts, News, Offers) and Ameritrade (AMTD: Charts, News, Offers) reported lower e…

Market Is Unclear Despite Positive Finish for Indices This Week (JPM, AMZN)

July 13th, 2012

Weekly Wrap Up
While stocks were down all week, at the end of the day on Friday all major indices surged. Investors awaited news from JPMorgan (JPM: Charts, News, Offers), who announced Friday morning that the bank is still expecting record annual e…

Jobs Report Confirms Weak US Economy, Central Banks Make Big Changes

July 6th, 2012

Weekly Wrap Up
This week many concerns over the global economy were confirmed with Friday’s jobs report and big actions taken by several large central banks. Stocks were down overall at the end of the week due to the employment news and smaller than…

Wall Street Rallies After EU Agreement, Second Quarter Ends With a Bang (RIMM, NKE)

June 28th, 2012

Weekly Wrap Up
The end of the week brought a final surge for US stocks as leaders offered emergency support for European banks at the EU Summit. Commodities, crude oil, and gold all gained after this positive news from Europe. The S&P 500 index gain…

Small End of Week Rebound After Thursday’s Losses, the Second-Worst of the Year

June 22nd, 2012

Weekly Wrap Up
This week brought the second-worst loss this year for the stock market, due to fears about global economic growth stemming from weak manufacturing reports. Despite Thursday’s losses, on Friday the markets rallied with gains for a few …

Second Straight Week of Gains; Likely Intervention in Europe (SBUX, DELL)

June 15th, 2012

Weekly Wrap Up
US markets recorded their second straight set of weekly gains, courtesy of renewed optimism in Europe. Despite Spain’s credit rating cut by Moody’s (MCO: Charts, News, Offers), investors are hopeful central banks across the globe will…

Best Week of the Year: China Slahes Rates and Spain Closer to Bailout (GOOG, BBY)

June 9th, 2012

Weekly Wrap Up
The first full week after Memorial Day, traditionally consisting of lower volume through the end of summer, was able to achieve one of the best results of the year. The majority of gains were recorded Wednesday when the European Centr…

Small Weekly Gains Ahead of Dry Summer of Trading (FB, WMT)

May 25th, 2012

Weekly Wrap Up
A week headlined by wild swings in Facebook’s stock ends relatively flat as investors look ahead toward the summer. After a controversial debut last Friday, Facebook’s (FB: Charts, News, Offers) stock continued to slide throughout the…

Facebook IPO Lukewarm, Markets Suffer Worst Week Since November

May 18th, 2012

Weekly Wrap Up
Markets took a significant beating throughout the week, concluding Friday with small losses across the board, notching the worst weekly losses since November. The biggest news of the week was the long awaited Facebook IPO (FB: Charts,…