February 6, 2015 Financial News – Business News – Stock Exchange – NYSE – Market News, February 6, 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, the Institute for Supply Management’s January index dropped 1.6 points to 53.5, weaker than expected. Personal income for December rose .3% month to month while consumer spending dropped .3% month to month. Markets were down until oil prices rose, sparking a rally that ended with the Dow Industrials up 196 points.
On Tuesday, factory orders for December fell sharply by 3.4%, marking the 5th straight decline. However, the motor vehicle sales report for January was released, and those numbers came in slightly ahead of expectations, at 16.7 million units. That, combined with continuing increases in the price of crude oil, gave markets a huge boost, with the Dow Industrials closing up 305 points, or 1.8%.
On Wednesday, ADP released their employment report for January, and it came in at 213,000, down 28,000 and below expectations. The European Central Bank also tightened collateral requirements for Greek debt, forcing Greek banks to obtain funding at higher rates. This news caused stocks to end mostly lower on the day.
On Thursday, jobless claims for the week ending January 31st were 278,000, up 11,000, but below expectations, and the U.S. trade deficit increased unexpectedly to a two-year high of .6 billion, due to less demand from overseas markets and the increased strength of the U.S. dollar. Oil rallied, and along with it, the Dow Industrials closed up 211 points.
On Friday, the nonfarm payroll for January was released, and it came in at 257,000 jobs, higher than expectations and the unemployment rate rose .1% to 5.7%.
February 6, 2015 Weekly Stock Market Wrap-up:
Staples (NASDAQ: SPLS)
Office Depot (NASDAQ: ODP)
Chipotle Mexican Grill (NYSE: CMG)
Disney (NYSE: DIS)
Business News – Financial News – Stock Exchange – New York Stock Exchange — Wall Street — Market News 2015
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