January 30, 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

On Monday, markets didn’t do much, as investors waited for the beginning of earnings season as well as for the upcoming Fed meeting.

On Tuesday, volatility began with some weak earnings reports from major companies including Microsoft (NASDAQ: MSFT), Caterpillar (NYSE: CAT), and Proctor & Gamble (NYSE: PG), as well as a durable goods orders report for December that was unexpectedly down 3.4%. Consumer confidence for January came in at 102.9, the best since August of 2007 and new home sales for December surged 11.6%, blowing past analysts’ expectations, but that good news was largely ignored, with the Dow Industrials declining 291 points by the end of the day.

On Wednesday, the downward spiral continued with the Dow closing down another 195 points. However, the Federal Reserve concluded its meeting and didn’t make any changes to policy, citing continuing improvement in economic conditions and labor market conditions.

Thursday, things improved after jobless claims for the week ending January 24 showed a dramatic drop, down 43,000 to 265,000. Crude oil stabilized and increased slightly, and markets responded with a nice rally, with the Dow Industrials closing up 225 points.

On Friday, the fourth quarter GDP was released and it was up 2.6%, lower than economists’ 3.2% estimate.

January 30, 2015 Weekly Stock Market Wrap up:

Microsoft (NASDAQ: MSFT), Caterpillar (NYSE: CAT)
Proctor & Gamble (NYSE: PG)
Apple Inc.(NASDAQ: AAPL)
Yahoo! Inc. (NYSE: YHOO)
Alibaba Group Holding Limited (NYSE: BABA)
Facebook, Inc. (NASDAQ: FB)

Business News – Financial News – Stock Exchange – New York

Stock Exchange — Wall Street — Market News 2015 http://www.financialbuzz.com

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