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October 17, 2014 - Business News - Financial News - Stock News --NYSE -- Market News 2014

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October 17, 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
Turbulence has increased yet again this week, with the volatility index known as the VIX hovering around 25, while just over three months ago the VIX was sitting at historical lows around 10.5. On Monday the S&P 500 closed below its 200 day moving average, amid weakening world economic reports and concern over Ebola. Airlines were down sharply as investors feared travel bans might be instituted to contain the spread of the virus.

On Tuesday, things calmed down a bit with the indexes closing about the same. Energy stocks continued declining as crude oil prices slid down. On Wednesday, retail sales for September were released and they were down .3% month-to-month, below expectations and the Empire State manufacturing survey for October slowed significantly to 6.2 compared to the prior month’s five-year high of 27.5. This too was unexpected. Markets were down significantly, however, recovered much of their losses later in the day.

On Thursday, jobless claims for the week ending October 11 were down 23,000 to 264,000. This is its lowest level since April 2000, and this news didn’t affect the market much, however, St. Louis Federal Reserve Bank President James Bullard’s statements that the Federal Reserve should consider postponing the end of its bond purchase program, helped halt another downward spike by the end of the day.

On Friday housing starts for September rose 6.3% over August to a little over a million units. Altogether the S&P 500 is down nearly 10% from its high point, however, early Friday stocks rallied on hope that the Fed will continue its easy money policy.

Now let’s take a look at some stocks.

October 17, 2014 Weekly Stock Market Wrap up:
Amazon.com (NASDAQ: AMZN)
Citigroup’s (NYSE: C)
Bank of America (NYSE: BAC)
Netflix (NASDAQ: NFLX),

Business News - Financial News - Stock Exchange - New York Stock Exchange -- Wall Street -- Market News 2014

Video Added on : 06 Nov 2014 01:34 am
Video Posted Under : Business & Finance Videos

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