February 13, 2015 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 2015
Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2015
To start the week U.S. stocks lost ground as markets were still digesting headlines out of Greece over the weekend, which showed little progress had been made between Greece and the EU.
On Tuesday stocks staged a huge rally; investors were able to shake off early negative news from Greece on hopes of a resolution. The latest Job Openings and Labor Turnover Survey report showed slight improvement with over 5 million job openings on the last business day of December, the highest in more than a decade.
On Wednesday stocks closed mixed following a very choppy day of trading; investors continued to watch for developments in negotiations between Greece and EU finance ministers. The U.S. budget deficit widened in January, fueled in part by higher spending on health care services for low-income Americans.
On Thursday stocks and oil surged with the tech-heavy NASDAQ leading the way for stocks as oil prices bounced back after two straight losing days. A cease-fire agreement between Russia and Ukraine came in early Thursday and sent futures higher. On the economic data front, retail sales declined 0.8%; the weekly jobless claims came in higher at 304,000 last week.
On Friday import prices fell 2.8 percent in January alone for year-on-year contraction of 8 percent. Deflation is a rising risk for the economic outlook based on import and export price data where contraction is at its most severe since the 2008 recession.
February 13, 2015 Weekly Stock Market Wrap-up:
Apple (NASDAQ: AAPL)
Tesla (NASDAQ: TSLA),
PepsiCo (NYSE: PEP)
Expedia (NASDAQ: EXPE)
Orbitz (NYSE: OWW)
Priceline (NASDAQ: PCLN),
Business News – Financial News – Stock Exchange – New York Stock Exchange — Wall Street — Market News 2015
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