Stock Market Review For The Week: Latest Financial & Economic News

04th August to 11th August 2013. 

Stock market review, it is  expected to perform well in the coming week, given the latest trends and today’s gains.

Layoff trends touched the lowest in 5 years, buoying hopes of an economic recovery. On Thursday, the Labor Department said that jobless benefit claims dropped to 335,500. Though this would have an impact on the markets, analysts are keeping their fingers crossed. This is precisely because job creations have not been strong enough to jack up stock markets.

It is reported that for the month of July employers added just 162,000 workers to payrolls. It is because of this many analysts strongly believe that the possibility of job creation pushing up the economy is limited. To make this happen jobs need to be created in huge numbers and continuously.

If the U.S. central bank cuts down its massive bond-buying stimulus program chances of a stock market recovery stand very high. The Fed will shortly review its policy of buying $85 billion a month in bonds to push down borrowing costs.

Meanwhile, after three days of fall in value, stock prices on Wall Street rose today. The gains were primarily led by the technology sector. Microsoft shares went up by 3 percent while the S&P index for the information technology sector rose by 0.5 percent. Shares of Tesla Motors Inc shot up by 14.2 percent after the company reported huge quarterly gains. Almost 90% of companies listed in S&P 500 reported earnings today, while 66.8 percent topped analysts’ expectations.

The upward trend in the stock market is likely to continue. If the Fed backs out of its stimulus program, stocks will head skywards.

Trends

Gainers Change Mkt Cap
Cvent Inc 56.76% 1.27B
NPS Pharmaceuticals, Inc. 25.36% 2.30B
Ubiquiti Networks Inc 24.53% 2.30B
Intrexon Corp 17.63% 2.77B
Air Methods Corp 16.91% 1.62B
Losers Change Mkt Cap
Molycorp Inc -9.72% 1.26B
Youku Tudou Inc (ADR) -8.31% 4.31B
Wright Medical Group Inc -8.11% 1.16B
DeVry Inc. -7.19% 1.86B
Sunedison Inc -6.23% 1.71B
Excludes stocks with mkt cap less than $1B. Learn more

World markets

Shanghai 2,052.23 +7.34 (0.36%)
Nikkei 225 13,615.19 +9.63 (0.07%)
Hang Seng Index 21,807.56 +151.68 (0.70%)
TSEC 7,856.14 -51.53 (-0.65%)
FTSE 100 6,583.39 +53.71 (0.82%)
EURO STOXX 50 2,825.62 +8.74 (0.31%)
CAC 40 4,076.55 +12.23 (0.30%)
S&P TSX 12,542.13 -10.79 (-0.09%)
S&P/ASX 200 5,055.20 -9.60 (-0.19%)
BSE Sensex 18,789.34 +124.46 (0.67%)
KOSPI 1,880.71 -3.26 (-0.17%)
SMI 7,977.34 +22.05 (0.28%)
ATX 2,472.43 +21.09 (0.86%)
INDEXBVMF:IBOV 49,874.90 +946.08 (1.93%)
SET 1,432.25 -14.91 (-1.03%)
BIST100 73,544.83 -486.73 (-0.66%)

Currencies

EUR/USD 1.3340 -0.0047 (-0.35%)
USD/JPY 96.3300 -0.2000 (-0.21%)
GBP/USD 1.5513 -0.0033 (-0.21%)
USD/CAD 1.0277 -0.0039 (-0.38%)
USD/HKD 7.7557 -0.0006 (-0.01%)
USD/CNY 6.1219 +0.0005 (0.01%)
AUD/USD 0.9213 +0.0093 (1.02%)

Bonds

3 Month 0.01% -0.01 (-50.00%)
6 Month 0.06% 0.00 (0.00%)
2 Year 0.30% 0.00 (0.00%)
5 Year 1.30% -0.02 (-1.52%)
10 Year 2.49% -0.03 (-1.19%)
30 Year 3.58%

Data: Google Finance

About the Author

Sandra
I am working as Editor in Chief for Financeninvestments.com. Writing on Financial Topics is my passion. You can find me on , Seeking Alpha Instablogs or join our Facebook Community, s. FNI is a great Community for financial bloggers and writers. Get everything you wanted to know about your finance and investment related matters such as mutual funds, banking, retirement, economics and much more.

Be the first to comment on "Stock Market Review For The Week: Latest Financial & Economic News"

Leave a comment

Your email address will not be published.


*