As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Tuesday, 28 January 2014

Dow Jones Industrial Average fell 41.23 points (0.26 percent) to 15,837.88, the fifth consecutive session in negative territory.

































NEW YORK: US stocks on Monday finished lower again as investors anxiously awaited a busy week of economic news that includes a US Federal Reserve policy meeting.

The Dow Jones Industrial Average fell 41.23 points (0.26 percent) to 15,837.88, the fifth consecutive session in negative territory.

The broad-based S&P 500 declined 8.73 points (0.49 percent) to 1,781.56, while the tech-rich Nasdaq Composite Index gave up 44.56 points (1.08 percent) at 4,083.61.

Stocks fell sharply last week on concerns about weak corporate earnings and uncertainty in emerging economies.

Investors are "anxious," said Sam Stovall, chief investment strategist at S&P Capital IQ. "People feel as if they got caught off guard" last week.

Key events this week include major earnings reports from Apple, Boeing and other giants. The Fed will conclude a two-day policy meeting Wednesday.

"We don't know whether it's a short-term blip that will bounce back, or whether indeed it's beginning to tell us that our GDP growth and earnings projections are too high," Stovall said.

Technology stocks suffered, including Google (-2.0 percent), Dow component Microsoft (-2.1 percent), Twitter (-6.2 percent) and Yahoo (-3.3 percent).
Dow component Caterpillar shares shot up 5.9 percent a
fter handily beating forecasts in its fourth-quarter earnings, with net income rising 43.9 percent to $1.0 billion and earnings per share at $1.54 per share, compared with the $1.28 expected by analysts.

Another Dow member, Merck, tacked on 1.1 percent after Morgan Stanley upgraded the stock on expectations for major advances in anti-cancer drugs in 2014.

Rayonier jumped 9.7 percent after announcing plans to split into two companies, one focusing on specialty chemicals, the other on forest resources.
Ariad Pharmaceuticals fell 12.0 percent, giving up some of last week's gains that followed a published report saying the company was being eyed for a takeover by larger pharmaceutical companies.
Bond prices fell. The yield on the 10-year US Treasury rose to 2.77 percent from 2.74 percent on Friday, while the 30-year rose to 3.68 percent from 3.65 percent. Bond prices and yields move inversely.


No comments:

Post a Comment

Related Posts with Thumbnails