July 25, 2014 – Business News – Financial News – Stock News –NYSE — Market News 2014
July 24, 2014 Financial News – Business News – Stock Exchange – NYSE – Market News
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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
To begin the week, U.S. stocks closed lower on tensions over Ukraine and Russia. The mounting concern that the situation will lead to deeper sanctions put a damper on the U.S. market. But despite flare-ups in geopolitics, stocks eventually came off session lows, with the Dow rising above 17,000 once again.
On Tuesday markets finished higher, with the S&P closing only two points away from a record. The major indices got a lift from company earnings and the housing market. The National Association of Realtors had existing-home sales rising a better-than-expected 2.6 percent in June. The consumer price index increased .3 percent, paced by a jump in gasoline that is now reversing.
On Wednesday stocks were mixed, the Dow Jones fell .2 percent, but the S&P climbed to a new record as companies like Pepsi (NYSE: PEP) and Delta Airlines (NYSE: DAL) beat profit estimates, Apple (NASDAQ: AAPL) shares rallied as well.
On Thursday we saw more economic data, starting with the weekly jobless claims, which came in at much less than expected 284,000 last week, an 8-year low. However, Commerce Department figures show new home sales dropped a disappointing 8.1 percent in June. Global markets advanced as July data showed European manufacturing and services increased, while Chinese factory activity rose to an 18 month high.
On Friday, durable goods orders made a comeback, up .7%. This number is higher than the market consensus. But the Dow dropped triple digits in the open, as Amazon (NASDAQ: AMZN) earnings and a weak outlook for Visa (NYSE: V) weighted on markets
July 25, 2014 Weekly Stock Market Wrap up:
Pepsi (NYSE: PEP)
Delta Airlines (NYSE: DAL)
Apple (NASDAQ: AAPL)
Amazon (NASDAQ: AMZN)
Visa (NYSE: V)
Yahoo (NYSE: YHOO
Facebook (NASDAQ: FB).
Netflix (NASDAQ: NFLX)
Plug Power (NASDAQ: PLUG)
Zillow (NASDAQ: Z)
Trulia (NYSE: TRLA)
Business News – Financial News – Stock Exchange – New York Stock Exchange — Wall Street — Market News 2014 http://www.financialbuzz.com
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