October 26, 2013 – Business News – Financial News – Stock News –NYSE — Market News 2013-2014
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Business News – Financial News – Stock News — New York Stock Exchange — Market News 2013-2014
Business News – Financial News – Stock Exchange — Wall Street — Market News – New York Stock Exchange 2013-2014
This week continued the upward trend in the major indexes, with the S&P 500 up 20% on the year, the Dow Industrials flirting with record highs, and the NASDAQ reaching 13 year highs.
Analysts are expressing concerns that the market is overbought and the rapid gains are a sign of momentum rather than fundamentals, therefore increasing the likelihood of a large correction. However, investors are reluctant to stop pouring money into stocks, especially since it looks like the Federal Reserve bond purchasing program is likely to continue well into next year.
In other news, reports delayed by the government shutdown are now starting to get released. On Tuesday, the September employment report showed the economy added 148,000 jobs, much worse than anticipated. However, unemployment dropped slightly to 7.2%. The HSBC flash Purchasing Managers’ Index for China hit a seven-month high of 50.9 in October, indicating continued expansion in manufacturing activity, while the PMI for Europe decreased to 51.5.
Now let’s take a look at some stocks.
JAKKS Pacific, Inc. (NASDAQ: JAKK)
The Boeing Company (NYSE: BA)
Hasbro Inc. (NASDAQ: HAS)
Business – Financial – Stock Exchange — Wall Street — Market News 2013 — 2014
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Business News – Financial News – Stock News — New York Stock Exchange — Market News 2013 — 2014 NASDAQ, NYSE, RadioShack, RSH, Caterpillar, CAT, Hasbro HAS, Boeing Company, BA, JAKKS, JAKK