September 12, 2013 – Business News – Financial News – Stock News –NYSE — Market News 2013-2014
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Business News – Financial News – Stock News — New York Stock Exchange — Market News 2013-2014
Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2013-2014
This week brings a return of the Dow back up to over 15,000. A strong export report from China gave the market a reason to rally. China’s General Administration of Customs said exports climbed 7.2% in August year-to-year, up from July’s 5.1% gain, and June’s 3.1% decline. China’s industrial production rose 10.4% in August from a year ago and retail sales increased 13.4%.
Some bad news for Bank of America Corp. (NYSE: BAC), Hewlett-Packard Company (NYSE: HPQ) and Alcoa Inc. (NYSE: AA) All three are getting dropped from the DJIA, replaced by Goldman Sachs Group Inc (NYSE: GS), Visa Inc. (NYSE: V), and Nike Inc. (NYSE: NKE).
News about Syria is becoming more positive with the U.S. showing restraint, and Russia backing a plan to confiscate Syria’s chemical weapons by the United Nations. President Obama’s televised speech gave more reassurance to the markets that military action in Syria would be delayed, or possibly eliminated.
Due to conflicting reports, some showing strong growth in the economy, and others showing lackluster performance, analysts are now discussing a Fed tapering “lite”. The consensus is the Fed will start to cut it’s bond purchases to $75 billion a month, down just $10 billion below current levels.
Now let’s take a look at some stocks.
Jammin Java (OTC: JAMN),
Apple Inc. (NASDAQ: APPL)
Direxion Daily Gold Miners Bull 3X Shrs (NYSEARCA: FAZ)
Business – Financial – Stock Exchange — Wall Street — Market News 2013 — 2014
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