March 21, 2014- Business News – Financial News – Stock News –NYSE — Market News 2014
March 21, 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
Monday started off the week with a strong rally as the situation in Ukraine passed without any violence. In addition, Industrial Production was up .6% for February, reversing the -.2% decline in January.
On Tuesday, the markets closed still higher after hearing Vladimir Putin’s speech claiming he wasn’t interested in further dividing Ukraine, even though Crimea is about to be annexed by Russia.
The Consumer Price Index was released showing tame inflation for February, at .1%, right at about expectations. Also, Housing Starts for February were down .2% from January and down 6.4% compared to a year ago, however, new housing permits jumped 7.7%, leading to hope that the housing market will soon gain strength.
Wednesday the market gave up some gains when the Fed announced the results of its meeting. Bond purchases will be cut by another $10 billion to $55 billion per month. Fed Chair Janet Yellen suggested that interest rate hikes might happen about six months after the asset purchase program ends. In addition, the Fed dropped the unemployment rate as a primary indicator of the strength of the economy when determining the timing of interest rate hikes.
On Thursday, all was forgiven and the market gained back most of the losses. The leading indicators for February showed an increase of .5%, stronger than expected, and the Philadelphia Fed Survey for March showed a very large improvement in manufacturing over February. Friday was a quadruple witching day, so named due to index futures, index options, stock options and stock futures simultaneously expiring.
March 21, 2014 Weekly Stock Market Wrap up:
Toyota Motor Corporation (NYSE: TM)
KB Home (NYSE: KBH),
First Solar, Inc. (NASDAQ: FSLR)
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