U.S. Economy

Winners and Losers in the Stock Market Today

Stock market today, Feb. 18:U.S. stocks kicked off a shortened trading week predominantly in positive territory, with the Nasdaq making strides even as home builder confidence fell and manufacturing declined more than expected.

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The Nasdaq closed up 0.68% at 4,273; the S&P 500 Index closed up 0.13% at 1,841 and the Dow Jones Industrial Average closed down 0.15% at 16,130.

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Today's Stock Market News And Earnings Calendar

Today's stock market news, Feb. 14, 2014: The Dow Jones Industrial Average ticked back above 16,000 on Thursday as the market continues to shrug off weak economic data. Due to the snowstorm that battered the East Coast on Thursday, the scheduled meeting between Federal Reserve Chair Janet Yellen and the Senate Banking Committee has been postponed until later this month.

Why U.S. Retail Sales Dropped in January – and How You Can Profit

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U.S. retail sales - which account for 70% of economic activity - unexpectedly fell 0.4% for the month of January according to the Commerce Department today (Thursday). The decline marks the second straight drop after a 0.1% fall in December.

Auto sales were the major contributor to the miss. Sales of motor vehicles and parts dropped 2.1%, while Americans also spent less on restaurants and clothing. The report also showed soft holiday sales for retailers at the end of last year.

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Why Wall Street Would Love to Bug Our Phones

Bill patalon's private briefing

Every month or so, Keith Fitz-Gerald, Shah Gilani or a few of the other editors here at Money Map Press will wonder aloud if the big Wall Street investment banks have secreted a bunch of listening-device "bugs" in our offices or on our phones.

They haven't, of course. And our comments were made in jest - and meant only as a joke.

But the coincidences that prompt these surveillance-by-Big-Brother quips can be quite remarkable.

Let me share a brand-new story that shows you what I mean....

Today's Stock Market News and Earnings Calendar

Today's stock market news, Feb. 12, 2014: The Dow Jones Industrial Average soared more than 192 points on Tuesday after new Fed chair Janet Yellen stressed that monetary policy is unlikely to change under her leadership. The Dow ticked above 16,000 for the first time since Jan. 24. The S&P rose 1.1% to close at 1,819.75 and the Nasdaq increased 1% to 4,191.04.

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Does Weather Move the Markets?

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Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co." this morning (Tuesday) to answer the question, "Does weather move the markets?"

Georgia will fall victim today to a winter storm the National Weather Service is calling "a historic, catastrophic event." Atlanta will shut down for the next two days, and U.S. President Barack Obama declared an emergency for the state. The storm will ultimately affect more than 100 million people, from Texas to Georgia, New York, and Massachusetts this week.

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Stock Market Sell-Off: The Chart That's Keeping Wall Street Up at Night

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For months, Wall Street insiders have passed this chart around amongst themselves and nervously discussed whether it foretells a major stock market sell-off.

The chart compares the path of the current Dow Jones Industrial Average over the past year and a half to the Dow's moves over the 1928-1929 period.

While the Dow is trading at a much higher level now than in the 1928-1929 period, the pattern is eerily similar to the path that led to the worst stock market crash in Wall Street history, right up to the recent stock market sell-off and recovery.

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Janet Yellen Testimony to Congress

U.S. Federal Reserve Chair Janet Yellen delivered the semiannual Monetary Policy Report Tuesday morning before the House of Representatives. This was Yellen's first public address since assuming the role as head of the U.S. central bank after predecessor Ben Bernanke on Feb. 3, 2014.

Yellen, who until last week served as vice chair of the Fed, testified on the health of the U.S. economy, her commitment to the central bank's ongoing stimulus efforts, and regulatory needs for the financial system.

The full text of Yellen's remarks follows.

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Stock Market Today Fluctuates Ahead of Yellen's Debut

Stock Market Today, Feb. 10: U.S. stocks were buoyant but fluctuating today, with both the Nasdaq and S&P 500 closing in green territory, although the Dow slipped.

The Dow Jones Industrial Average closed up 0.1%, or 7.71 points, at 15,801.79 points; The S&P 500 closed up 0.2%, or 2.82 points at 1,799.84; and the Nasdaq Composite Index closed up 0.5%, or 22.3 points at 4,148.17 points.

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U.S. Stock Market Today Nails In Another Rally

Stock market today, Feb. 7: Today (Friday), U.S. stocks closed in positive territory for a second consecutive session after the January jobs report revealed a declining unemployment rate.

The Dow Jones Industrial Average closed up 1.06%, or 165.55 points at 15,794.08 points; the S&P 500 closed up 1.33%%, or 23.6 points at 1,797.02, and the Nasdaq Composite Index closed up 1.68%, or 68.7 points at 4,125.86.

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