August 29, 2014 – Business News – Financial News – Stock News – NYSE – Market News 2014
August 29, 2014 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 2014
Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2014
Markets set records this week, but geopolitical concerns kept pulling the highs back down. On Monday, the new homes sales report for July fell for the second straight month by 2.4% to 412,000 units. The median home price fell 3.7%.
On Tuesday, durable goods orders for July showed an unexpectedly high 22.6% gain month-to-month, however, most of that was in transportation. Consumer confidence for August was up 2.3% at 92.4. This was enough to push the S&P 500 to close above 2,000 for the first time, however, trading volume was still lower than average on U.S. exchanges.
On Wednesday, the second quarter GDP was revised .2% higher to 4.2%. Jobless claims for the week ending August 23 showed a tiny drop of 1,000 to 298,000, and the four week average is down to a little below 300,000. The pending home sales index for July rose 3.3% to 105.9. Unfortunately, the good news was dampened by reports of Russian troops entering Ukraine and assisting separatists.
On Friday, personal income for July showed a .2% increase and consumer spending was down by .1%. The PCE price index was up by .1%. The .1% drop in consumer spending was unexpected. Markets were slightly down on the news, however, trading volume was exceptionally low ahead of the Labor Day holiday weekend
Now let’s take a look at some stocks.
August 29, 2014 Weekly Stock Market Wrap up:
Sony Corporation’s (NYSE: SNE)
Microsoft’s (NASDAQ: MSFT)
Blizzard’s (NASDAQ: ATVI)
Burger King Worldwide, Inc. (NYSE: BKW)
Amazon.com (NASDAQ: AMZN)
RadioShack (NYSE: RSH)
Business News – Financial News – Stock Exchange – New York Stock Exchange — Wall Street — Market News 2014
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