January 3, 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
Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2014
Financial Buzz Market Weekly, I'm RK Walker, here at the New York Stock Exchange, bringing you a review of this week's stock market.
Happy New Year to all of you, I hope your portfolio has done at least as well as the market this past year. On Tuesday, the Dow Industrials finished up 26.5% for the year at 16,576, reaching new highs 52 times. The S&P 500 advanced 29.6% for the year, and the Nasdaq rose 38.2%
Gold finished down 28%, the largest yearly loss since 1981, due to the continued lack of inflationary pressure. However, despite its fantastic finish, the S&P 500 ended the first day of the new year lower on Thursday, the first time this has happened since 2008.
Pending home sales only gained .2% in November, weaker than expected, however the first positive gain after five straight months of declines. The Case-Shiller home price index came in with a year-over-year increase of 13.6%, prompting the co-founder of the index, Robert Shiller, to warn he sees the beginning of another housing bubble. The Conference Board said its index of consumer confidence rose to 78.1 in December, up from 72 in November. One big component of consumer confidence, the "jobs hard to get" category, strongly improved as the job market continues to improve. The weekly jobless claims report came in at 339,000 down slightly, however, the four-week moving average rose 8,500 to 357,250.
January 3rd, 2014 Weekly Stock Market Wrap up:
Phillips 66 (NYSE: PSX),
Berkshire Hathaway (NYSE: BRK.A),
Apple, Inc.(NASDAQ: AAPL),
Hertz Global Holding Inc. (NYSE: HTZ),
WPCS International Incorporated (NASDAQ: WPCS),
Bank of America (NYSE: BAC)
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