Janet Yellen was confirmed last week as the central bank's new chairwoman, followed by release of the highly anticipated minutes from the Fed's last meeting. And the Fed was again in focus Friday as the disconcerting December jobs report left the central bank's decision to taper its bond-buying program in question.To continue reading, please click here...
2014 stock picks
Stock Market Today Slumps on Sluggish Service Industry
Stock Market Today, Jan. 6, 2014: U.S. stocks, including all three major indices, closed in the red today as growth in the service industries was weaker than expected, adding to the heavy start to 2014 trading.
U.S. services sector shrank last month, with an index of 53.0, down from 53.9 in November and below expectations for 54.8. But, in a more positive economic indicator, factory orders rose 1.8% in November from a year prior, the U.S. Commerce Department reported.
In response, the Dow Jones Industrial Average today closed down 0.27% at 16,425, while the Standard & Poor's 500 was down 0.24% at 1,827 and the Nasdaq Composite Index is off 0.36% at 4,118.
In addition to today's economics reports, retail stocks are likely also weighed by the headline-grabbing cold weather, which investors expect to hurt January's retail sales.To continue reading, please click here...
Best Stocks to Buy Now: A Money Morning Weekly Recap
Best stocks to buy for the week ending Dec. 6, 2013: After eight straight weeks of gains, the Dow Jones Industrial Average and S&P 500 Index finally took a breather, finishing last week modestly in the red.
The Dow dipped 0.41%, or 66 points, to 16,020.20. The S&P 500 slipped 0.04%, less than one point, to 1,805.09. The tech-heavy Nasdaq managed to eke out a 0.06% gain, or three-point increase, to 4,062.52, good enough for a fresh 52-week high.To continue reading, please click here...