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April 17, 2014 – Business News – Financial News – Stock News –NYSE — Market News 2014





April 17, 2014 – Business News – Financial News – Stock News –NYSE — Market News 2014

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Business News – Financial News – Stock News — New York Stock Exchange — Market News 2014

Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2014

This was a holiday week, with markets closed on Friday. Nevertheless, the indexes made a nice comeback after last week’s massive drops.

On Monday, retail sales came in higher than expected, showing a 1.1% gain for March, and confirming the weather related troubles are over. This gave investors an excuse to come rushing back in to buy.

However, on Tuesday, we were back to mixed news. The consumer price index for March showed a .2% increase in inflation, accelerating slightly from February and slightly higher than expectations, while the Empire State Manufacturing survey showed considerable slowing for April, down to 1.29, hurt by a decline in new orders.

On Wednesday, housing starts for March came in at 946,000 units, an increase of 2.8% over February, however, lower than expectations. Industrial production for March gave a positive surprise to investors, up .7% and Fed Chair Yellen spoke at the Economic Club of New York stating the current 6.7% unemployment rate is still about 1% too high and that interest rates probably won’t go higher before 2015. This prompted a strong rally.

On Thursday, jobless claims out for the week ending April 12 and were once again lower than expectations, showing 304,000 claims, compared to last week’s 6 year low of 302,000.

April 17, 2014 Weekly Stock Market Wrap up:
Google (NASDAQ: GOOG)
Bank of America (NYSE: BAC)
Yahoo! Inc. (NYSE: YHOO)
SodaStream (NASDAQ: SODA)

Business News – Financial News – Stock Exchange – New York Stock Exchange — Wall Street — Market News 2014
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