April 4, 2014- Business News – Financial News – Stock News –NYSE — Market News 2014

April 4, 2014 – Business News – Financial News – Stock News –NYSE — Market News 2014

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

Mixed economic news combined with a supportive Federal Reserve helped propel the S&P 500 to new highs. On Monday, Fed Chair Janet Yellen reiterated that the exceptionally weak job market requires extraordinary support and the central bank will still be accommodative for quite some time. Two weeks ago, she hinted that interest rates could go up as early as next year, but her latest comments suggest that is unlikely.

On Tuesday, the ISM Manufacturing Index for March rose to 53.7, up from February’s 53.2. Although it wasn’t quite as strong as hoped, it prompted a rally, based on optimism from the economy surviving the unusually severe winter weather.
On Wednesday, factory orders for February showed a larger than expected jump of 1.6%. In addition, ADP released its private payroll numbers for March showing 191,000 jobs, up from 178,000 in February. Markets rallied on the good news.

On Thursday, jobless claims for the week ending March 29 came in at 326,000, up from the prior week’s 310,000. Growth continued in the service sector with the ISM Non-Manufacturing Index coming in at 53.1 for March, up from February’s 51.6. The U.S. trade deficit increased 7.7% to $42.3 billion in February, due to exports slowing to their lowest levels in five months.
On Friday, the Jobs Report for March was slightly lower than expectations, showing an increase of 192,000, compared to February’s 197,000. The unemployment rate was unchanged at 6.7%. Markets were up on the news.

April 4, 2014 Weekly Stock Market Wrap up:

Plug Power Inc. (NASDAQ: PLUG)

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

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