Will put a dent into teslas sales. You may be surprised on that one. Strong quarter for home depot, boosted by a resurgent home remolding sector. Is the stock, a buy, sell or a hold. Oldschool debate coming up. First lets check in with sue at the new york stock exchange. Hi, sue . Hi, ty. Good to see you and that big story is a developing one. Jpmorgan expected to sign today a 13 billion agreement with the government to settle claims that it overstate the quality of mortgages to investors during the housing boom. Lets take a look at where the stock has traded, up just over 1 . Kate kelly at jpmorgan headquarters in new york city. Kate, the street anyway, seems to be happy that at least this part of the whole saga may be behind jpmorgan . Yes, were getting close, sue and i think youre right. Investors are cheering the idea of a formal resolution to this although the 13 billion pack has been anticipated for a number of weeks now and, in fact, some portions of it have already been agreed
Monitor has small cap names he says are poised for bigtime gains. All that and more on nightly Business Report for march 21st, 201 2014. Good evening, everyone. Wall street wrapped up an exhausting week with sharp declines and equally intense gains that sent stocks on a wild ride. It began on monday with a crucial vote in moscow to take control of crimea. Once the threat of a military confrontation eased up, stocks surged. That rally continued on tuesday, but a day later Federal Reserve chair janet yellen hinted that Interest Rates might rise sooner than anyone expected and stocked plunged. Investors bounced back on thursday on encouraging economic reports. And finally today, a qaudruple reaching day for options and futures pulled down stocks. But investors had the final say on the week, pushing the dow and s p up more than 1 . And the s p even hit a new record in interday trading. By the closing bem the dow lott 28 points, nasdaq down 42 and s p slipped 5 points. The head of the minne
200,000 private sector jobs were added to the economy in march. Thats much better than the numbers weve seen over the past few months, and it comes just two days ahead of the labor departments critical employment report. Also factory orders for february showing the biggest gain in seven months. That put investors in the buying mood. The dow rose 40 points ending just three points short of an alltime closing high. The nasdaq was up 8 and the s p added 5 points. And it did close at a record close for the second day in a row. What does all this positive Economic News mean for that friday jobs report . Hampton pearson takes a look. New data on hiring in the private sector shows there could be a springtime recovery from what has been a brutal winter. While the addition of less than 200,000 private sector jobs in march was below forecast, there was a big upward revision in february data. Nearly 40,000 more jobs added than previously reported. Thats according to Payroll Processor adp. Leading
Their heirs. Im tyler mathisen. And im sue herera. It was another down day on wall street, not by all that much, but the major averages did see losses. And the decline was driven by a selloff in technology companies. But it wasnt the small and midsized Biotech Companies we saw investors sour on last week. Now were seeing a selloff in the big cap games like amazon, google and netflix, all onetime darlings of wall street. After a choppy trading session the dow ended 4 points lower on the day, the tech heavy nasdaq slid down 22 and the s p ended lower by 3. Seema mody has more on whats behind the breakdown in thooers the these fastgrowing tech stocks. Reporter vesting in fast growth tech names has been success. Netflix up and google up a 55 . Over the past pun month, shares of these Growth Stocks have fallen sharply. Analysts say after the big run up in these games, valuation is becoming a concern. Plus as the quarter comes to an end, traders are selling the winners. I think in general yo
That initially sent stocks higher, even pushing the dow and the s p to record high levels. But then investors began to sell socalled momentum stocks, companies that had been some of the sharpest and fastest price gains over the past year. Big Name Technology giants, biotech companies, internet and social networking darlings, all of them suffering from big drops. The dow fell triple digits down 160 points. But the nasdaq was the hardest hit, losing 110 points. Thats a drop of more than 2. 5 . And the s p lost almost 24 points. Sheila dharmarajan watched the market drama from the Nasdaq Exchange and explains whats worrying investors. Reporter the selloff was broadbased as 97 of the nasdaq 100 finished the day in the red. Amongst the big losers, biotech stocks. The big run up we have seen in those names losing favor this year. The nasdaq biotech index was down more than 4 on the day. Also highflying socalled momentum stocks, these are stocks that consistently move in a directionmetimes re