Today's stock market news, Jan. 31: U.S. markets rose on Thursday, Facebook Inc. (Nasdaq: FB) reported strong earnings, and fourth-quarter GDP increased 3.2%. The Dow Jones Industrial Average rose 0.7% to 15,848, and the Standard & Poor's 500 Index jumped 1.1% to 1,794. U.S. stock futures were down Friday before the bell after Eurozone inflation levels unexpectedly fell by 0.7%.
stock market 2014
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Hot on the heels of a Jan. 23 deal with International Business Machines Corp. (NYSE: IBM), Lenovo Group Limited (LNVGY) is at it again, sending a bullish signal to investors.
Now Lenovo is gobbling up Motorola Mobility's phone unit from Google (Nasdaq: GOOG).
With our eye on the opening bell, here are five stories to watch in the stock market today:
Market News, Jan. 30:
Best investments for the week ending Jan. 24, 2014: Stocks tumbled last week as investors fled global markets amid soft data out of China, and traders dumped crumbling emerging market currencies.
Disappointing Q4 earnings from a number of U.S. companies, including Johnson & Johnson (NYSE: JNJ) and Coach Inc. (NYSE: COH), also weighed on markets.
For the week, the Dow dropped 3.5% or 580 points, falling back below the 16,000 level to end at 15,879. The S&P shed 48 points, or 2.6%, slumping below 1,800 to end at 1,790. And the Nasdaq slipped 1.7%, or 69 points, to 4,128.
But Money Morning never slips - investors can always count on us to interpret the big market-moving events, sift through earnings reports, and share the best stocks to buy now.
Stock Market News Today, Jan. 27: U.S. stocks are compounding last week's selloff, with all three major indices dropping into the red as home sales fell 7% in December.
Stock Market Today, Jan. 24: U.S. stocks today are ending this week on a heavy note, as investors continue to absorb a swirl of disappointing earnings reports and worrisome manufacturing data from China.
All three major indices are logging solid losses: the Dow Jones Industrial Average fell 1.96% or 318 points to 15,879.11; the S&P 500 is down 2.09% or 38.17 points to 1,790.29; and the Nasdaq is down 2.15% or 90.70 points to 4,128.17.
Stock Market Today, Jan. 22: U.S. stocks today are mixed and trading in a fairly narrow range as corporate earnings season continues - with lackluster results. Investors are cautious ahead of economic data tomorrow that includes jobless claims and existing home sales reports.
Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Cavuto" Friday evening to discuss news moving the stock market this week:
Stock Market News Today, Jan. 17: The Dow is up but the S&P 500 and Nasdaq down in afternoon trading, and here's why...
Housing market data today revealed that new home construction fell 9.8% in December to a seasonally adjusted rate of 999,000. The numbers were weighed by starts for single-family homes and apartments, the U.S. Commerce Department reported.
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.
Stock Market News Today, Jan. 2, 2014: U.S. stocks are kicking off the New Year on a heavy note in today's trading, with the Dow shedding more than 100 points as investors absorb fairly positive reports on jobless claims and U.S. manufacturing.
Initial jobless claims fell 2,000 to 339,000 last week, which is close to analyst expectations of a small increase for that week.
Stock Market News Today, Dec. 12: U.S. stocks are weighed today after having started the day higher on upbeat retail sales data. They retreated on more concerns that the U.S. Federal Reserve will scale back its $85-billion-per-month bond-buying stimulus program.
The S&P 500 today fell 0.38%, or 6.72 points, at 1,775.50, and the Dow Jones Industrial Average lost 0.66%, or 104.03 points, at 15,739.50 points. The Nasdaq Composite Index fell 0.14%, or 5.41 points, at 3,998.40.
If you've been following our twice-weekly conversations at Strategic Tech Investor, you know that I'm very bullish about technology stocks.
But I want to let you in on a little secret ...
I'm also bullish about the overall stock market.
In fact, I'm predicting that the Standard & Poor's 500 Index will advance 15% in 2014, rising from the current 1,795 to 2,065. That will not only take the closely watched index up through the psychologically important 2,000 level, it will take it to the highest level in history.
No bull market goes on forever. And with the stock markets hitting record highs recently, the possibility of some kind of correction grows larger every day. But we've found seven charts that show why the next big move down could be more than just a run-of-the-mill correction. By the time you see the last chart, you'll realize why you should start mapping out a defensive strategy now...
The markets continue to reach all-time highs, leaving some wondering just how high the Dow Jones Industrial Average can go.
Is Dow 18,000 realistic?