June 20, 2014 – Business News – Financial News – Stock News –NYSE — Market News 2014

June 20, 2014 Financial News – Business News – Stock Exchange – NYSE – Market News


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

Another good week for the markets, despite continued violence in Iraq. On Monday, the Empire State manufacturing survey for June was up slightly over May, and at a 4 year high of 19.28. New orders growth was particularly strong. The Fed also released their Industrial Production Report for May, up .6% and much better than April’s .3% decline.

On Tuesday, the consumer price index for May was up .4%, slightly higher than expected and housing starts fell 6.5% for May at a little over 1 million units.

On Wednesday, the Federal Reserve concluded its meeting with bond purchases cut another $10 billion to $35 billion monthly starting in July. The Fed remains concerned with unemployment rates and expects interest rates to stay low for a considerable time after the bond purchases end. In addition, the Fed lowered estimates for the GDP, however, the S&P 500 closed at a record high attributed to a lack of any surprises coming from the Fed.

On Thursday, jobless claims for the week ending June 14th showed a decrease of 6,000 to 312,000. The VIX volatility index continued to hover near 7 year lows. The index of U.S. leading indicators in May rose by .5%, the fourth straight month of increases, and the Philadelphia Fed survey showed general business conditions for June at 17.8, indicating the largest rate of monthly growth since October of last year. Once again the S&P 500 closed at a record high.

June 20, 2014 Weekly Stock Market Wrap up:

Starbucks (NASDAQ: SBUX
Medtronic, Inc. (NYSE: MDT),
Covidien (NYSE: COV
British Petroleum (NASDAQ: BP) (NASDAQ: AMZN)

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

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