February 20, 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
U.S. stocks closed up on Tuesday at record highs despite the lack of resolution in the Greece and EU standoff. Markets moved higher in the afternoon on reports of Greece intending to ask for a bailout extension.
On Wednesday the minutes from FOMC January meeting showed the Fed remains “patient,” and will likely push back its first interest rate hike to at least the second half of this year, for fear of damaging the economy. Housing is not adding to the economic momentum with housing starts declined 2 percent in January, on weakness in the single-family component. Energy prices continue to weigh on inflation, with the latest report on producer prices showing prices fell 0.8%. But U.S. stocks didn’t go anywhere as the markets closed nearly flat.
On Thursday, the major indices were little changed for a second day, though the Dow did drop below 18,000 as American Express (NYSE: AXP) and Wal-Mart (NYSE: WMT) led blue chip losses. In Europe, Germany rejected an application from Greece for a six-month loan extension. Initial jobless claims came in at 283,000; the latest Philadelphia Fed index showed manufacturing report at its lowest reading since February last year.
On Friday U.S. stocks traded lower ahead of an announcement on Greece debt talks with EU finance ministers. PMI Manufacturing flash was at 54.3, the highest reading since November
February 20, 2015 Weekly Stock Market Wrap-up:
Wal-Mart (NYSE: WMT)
Zillow (NASDAQ: Z)
Trulia (NYSE: OWW).
Priceline (NASDAQ: PCLN),
Orbitz (NYSE: OWW)
T-Mobile (NYSE: PCS),
Business News – Financial News – Stock Exchange – New York Stock Exchange — Wall Street — Market News 2015
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