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Today’s Stock market Dow Jones Industrial Average, S&P 500, Nasdaq Index review and session update mid-day April 16, 2014

Posted on | April 16, 2014 | No Comments

Stock Market News Review and stock composites trends mid-day today April 16, 2014:
Trading volume is lower this week as investors begin to sideline for Easter break. Stock composites trends have been choppy. Earnings data, as well as recent economic data, has been mixed which has resulted in mixed insight regarding market direction.
This week will be an abbreviated one in the U.S. marketplace due to the observance of Passover. The U.S. marketplace will shut down on Friday and open once again after Easter Sunday.
Last session, stocks rallied to close higher for the day. The S&P 500 moved higher to 1,842.98. The Nasdaq moved up to 4,034.16 and the Dow Jones Industrial Average rose higher to 16,262.56 to close the last full trading session. In economic news so far this week, retail sales rose 1.1 percent in March which was much better than expected. Consumer prices rose higher though too.
This morning, U.S. stock futures were positive and had received a boost from the better than expected Chinese GDP report. Yahoo also reported better than expected earnings and sales data which gave investors more confidence.
In economic news so far today, housing starts and building permits reports posted. According to the report, March housing starts rose higher at a rate 2.8 percent higher than in February. Although this rate was below expected levels, it was still the fastest pace so far this calendar year. Building permits fell 2.4 percent overall. This data, which can be used as a barometer of future activity, is cause for concern.
As the trading session reached the mid-day mark, the primary stock composites were tracking through positive territory.

Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 stock market index review mid-day April 16, 2014:
The S&P 500 was higher by .59 percent at 1,853.49. The Nasdaq was up by .62 percent at 4,059.21 at mid-day and the Dow Jones Industrial Average was higher by .61 percent at 16,362.46 as of mid-day today.



Frank Matto

Today’s Gold price per ounce and silver price per ounce Spot gold per gram and spot silver Rate review

Posted on | April 16, 2014 | No Comments

Gold and silver precious metal rate review and market session news update today April 16, 2014 mid-day:
Stocks bounced higher again during the last full trading session and precious metal gold and silver prices fell back. This last Tuesday was positive for stocks, as were the last handful of Tuesday’s. The positive stock momentum translated into diminished attention for precious metals like gold and silver. Prices for both gold and silver contracts drifted lower in this environment and both finished the last full trading session with floor prices on the negative side of break-even. May silver price moved lower by 2.6 percent to 19.49 per ounce. June gold price moved lower by 2.05 percent to 1,300.30 per ounce. One month price change for both gold and silver is negative at this time. Prices fell lower last session ahead of the U.S. data that showed rising U.S. consumer inflation. This morning, prior to opening bell, spot gold and spot silver prices were tracking higher and by the mid-day mark, gold and silver price trends were mixed.

Today’s Gold price and silver price per ounce contract review mid-day April 16, 2014:
May contract silver price was higher by .52 percent at an electronic floor price of 19.59 per ounce at mid-day. June contract gold price was lower by .02 percent at 1,300.10 per ounce as of mid-day today.

Spot gold per gram and spot silver per ounce price review mid-day today April 16, 2014:
Spot gold per gram price posted at 41.79 as of mid-day today. Spot silver per ounce price posted up at 19.59 as of the mid-day mark today.



Camillo Zucari

EUC 2014; Unemployment Benefit Extension Deal; House and Senate lawmakers Consider Data

Posted on | April 16, 2014 | 24 Comments

Today’s Unemployment Benefit News Review and Extension Deal Update April 16, 2014:
Republican policy makers want current policy design to promote economic growth in the U.S. The idea here is that economic growth leads to more available jobs and, as a result, fewer Americans will be in need of long term unemployment benefits.
The U.S. economy appears to be moving forward in its recovery process according to recent data. This could diminish the motivation for some legislative leaders to cast the approval vote to extend long term unemployment benefits. House and Senate members are currently out on holiday break, but many will process recent economic news while formulating their opinions.
According to the most recent jobless claims report via the Labor Department, the number of Americans filing first time unemployment claims dropped to the lowest level in seven years. The number of Americans filing new claims for unemployment benefits dropped to a seasonally adjusted rate of 300,000 in the most recent assessed week. This rate was lower by 32,000 from the week prior and much better than expected. The last time the number of unemployment benefit claims dipped below 300,000 was May 2007. Fewer Americans need first time unemployment, and so many might conclude that the need for long term unemployment has diminished. Additionally, the four week moving average for first time unemployment benefit claims dipped by 4,750 to 316,250 in the most recent analysis.
House lawmakers have over a week to ponder recent developments before returning to session on April 28. Could the positively skewed economic data prompt less favorable opinions regarding the unemployment benefit extension deal?


Genny Germano


Genny Germano

Today’s Gold price per ounce Spot gold per gram price spot silver per ounce price precious metal news Update April 16, 2014

Posted on | April 16, 2014 | No Comments

Gold price and silver price precious metal news review today April 16, 2014:
Yesterday was deemed “turnaround Tuesday” for the stock market. After beginning the week by dropping off into the red, the primary stock indices rose above break-even last session to close the day with gains. Gold and silver contracts were not as fortunate. More attention for stocks translated into diminished attention for precious metal gold and silver. Both contracts posted negative price trend-lines during the last full trading session and finished the day with floor prices on the negative side of break-even.

Today’s gold price per ounce contract close and silver price per ounce contract close review:
June contract gold price fell lower by 2.05 percent to close at 1,300.30 per troy ounce. May contract silver price fell back last session by 2.6 percent and closed in the red at 19.49 per troy ounce. One month price change for both gold and silver is still negative at this time. According to analysis, one month price change for gold is negative by approximately 5.1 percent right now. One month price change for silver is negative by approximately 8.9 percent at this time.

Spot gold per gram price and spot silver per ounce price review today April 16, 2014:
Spot gold per gram and spot silver per ounce prices moved lower. Spot gold per gram price fell back to 41.91. Spot silver per ounce price moved lower to 19.54.
Safe haven appeal was not strong enough last session to push precious metal prices.



Camillo Zucari

Today’s Dow Jones Industrial Average DJIA, Nasdaq, S&P 500 close review and stock market news update April 16, 2014

Posted on | April 16, 2014 | No Comments

Today’s Stock market Dow Jones Industrial Average, Nasdaq, S&P 500 close review and news update April 16, 2014:
Despite a positive close to the opening trading session this week, the primary U.S. stock composites struggled to hold onto early gains but ultimately tracked higher during the latter half of the last full trading session.
In recent economic news, the consumer price index posted alongside the empire state manufacturing index. According to the U.S. Bureau of Labor Statistics report, the Consumer Price Index increased by .2 percent in March. Core inflation unexpectedly moved higher in the latest March reading. Rising home prices helped to push the core index. Year over year change, a 2.8 percent rise, posted as the fastest yearly gain since March 2008.
In contrast to the rise in the Consumer Price Index, New York state manufacturing activity dropped lower in April. The “empire state index” fell to 1.3 this month according to the Federal Reserve Bank of New York. This data was weaker than expected.
As the last full trading session came to a close, the Dow Jones Industrial Average, as well as the Nasdaq and the S&P 500, finished the day with gains.

Dow Jones Industrial Average, Nasdaq, S&P 500 stock index close review today:
The S&P 500 rose higher by .68 percent to close at 1,842.98. The Nasdaq rose higher by .29 percent to close at 4,034.16 and the Dow Jones Industrial Average rose higher by .55 percent to close at 16,262.56.
Trading volume is expected to be light for the rest of the week as we approach the Easter holiday.


Frank Matto

Today’s Dow Jones Industrial Average DJIA S&P 500 Nasdaq stock trends and market session news update mid-day April 15, 2014

Posted on | April 15, 2014 | No Comments

Stock market news review and stock composite trends mid-day today April 15, 2014:
Stock futures were weaker this morning prior to opening bell. Stocks staged for the lower open after managing to rebound during the last full trading session. Economic news was positive and quarterly earnings helped to give investors a confidence boost to begin the week. The retail sales report was much better than expected and implies that the economic recovery process is moving forward. According to the Commerce Department, retail sales in March grew at the fastest pace in over a year. Since March of 2013, retail sales have increased 3.8 percent overall. Last month, retail sales moved higher by 1.1 percent which marked the biggest leap for the indicator since September 2012. This news comes just days after the Labor Department reported that jobless claims hit their lowest mark in almost seven years. The positively skewed economic data helped to push stock composites higher last session. The S&P 500 moved up to 1,830.61 to open the week. The Nasdaq rose higher to 4,022.69 and the Dow Jones Industrial Average moved higher to 16,173.24 to open the week. More earnings data and economic news will lead investors today. The government released the consumer price index report today and according to the data, the index moved higher unexpectedly. The Consumer Price Index rose higher by .2 percent in March according to the U.S. Bureau of Labor Statistics. Also, the “empire index”, a measure of manufacturing activity in New York, fell in April by 1.3 percent.
As the trading session approached the mid-day mark, the primary stock composites were moving lower.

Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 stock index mid-day review April 14, 2014:
The S&P 500 was lower by .13 percent at 1,828.36 at mid-day. The Nasdaq was lower by .84 percent at 3,988.85 and the Dow Jones Industrial Average was lower by .10 percent at 16,157.47 as of mid-day today.



Frank Matto

Today’s Gold price per ounce Spot gold per gram Spot silver Precious metal news review mid-day April 15, 2014

Posted on | April 15, 2014 | No Comments

Gold price and silver price precious metal news review today April 15, 2014:
Last week, the primary U.S. stock composites closed in the red and all three indexes dropped into negative territory for the year. The negatively skewed stock composites prompted additional investor worry and as a result, pushed precious metal safe haven interest. Additional factors such as continued tensions between Russia and Ukraine and general uncertainty over global economic growth conditions also pushed safe haven interest. Due to these safe haven influences, both gold and silver contracts posted price gains to open this week. June contract gold price rose higher by .64 percent to 1,327.50 per ounce. May contract silver price rose .32 percent to 20.01 per ounce to open the week. Today though, as the trading session approached the mid-day mark, gold and silver prices were tracking lower.

Today’s Gold price per ounce and silver price per ounce contract review mid-day April 15, 2014:
June contract gold price fell back by 2.04 percent to post at an electronic price of 1,300.40 per ounce at mid-day. May contract silver price was lower by 2.57 percent at the electronic price of 19.50 per troy ounce at mid-day today.

Spot gold per gram and spot silver per ounce price review today April 15, 2014:
Spot gold per gram and spot silver per ounce price was tracking lower through the first half of trading today. Spot gold per gram price was down to 41.85 and spot silver per ounce price was lower at 19.52 as of mid-day today.



Camillo Zucari

EUC Update Today; Unemployment Benefit Extension 2014; No Federal Aid to Support Tax Payments

Posted on | April 15, 2014 | 66 Comments

Today’s Unemployment benefit extension news update April 15, 2014:
Some Americans feel little relief that the Senate passed the long term unemployment benefit extension deal recently. The deal will provide unemployment benefits to the long term unemployed through May and will pay out benefits retroactively. This is all in theory however. The current bill needs to be voted on and approved by the House before emergency compensation is paid out to America’s long term unemployed. Additionally, many House members, including the House Speaker, do not agree with the current deal’s design. In its current form, the bill that sits in the House has little chance of gaining majority favor. Many Republicans are unhappy with the legislation’s lack of job creating potential and therefor deem the bill unworthy of approval.
Now, America’s unemployed have to wait another two weeks before the bill is further considered in the House. House and Senate lawmakers are on Easter holiday and wont be back in session until April 28, 2014. Money owed continues to grow greater for the unemployed, and today’s tax deadline adds additional pressure. Taxes are due today for most of the U.S., but paying the tax bill may be an extremely tall order for those that have been without federal unemployment benefits for months.
It should be noted that all federal benefits are taxed just like wages. For those who have not received benefits in months, paying this bill may be exceptionally difficult.


Genny Germano

Today’s Gold price per ounce Spot gold per gram Spot silver precious metal Update

Posted on | April 15, 2014 | 1 Comment

Gold and silver price news update today April 15, 2014:
After tracking lower through a majority of the last trading week, both gold and silver contract prices were able to rebound last session. Gold and silver contract prices rose higher throughout the session and both closed the opening trading session of the week with floor price gains. Analysts anticipated that the weakening U.S. dollar would give precious metal investing a boost this week. Last week, analysts from the Kitco News Gold survey reported that precious metal gold prices would like rise this week. Safe haven factors such as geopolitical tensions, as well as uncertainties over global economic growth, would push precious metal safe haven investing. So far, it appears that the majority of analysts in the Kitco survey were right.
Gold price and silver price contract close review today:
June contract gold price rose higher by .64 percent to close at the floor price of 1,327.50 per troy ounce. May contract silver price moved higher last session by .32 percent and closed at a floor price of 20.01 per troy ounce.

Spot gold per gram and spot silver per ounce price trend review today April 15, 2014:
After last session close and prior to opening bell today, spot gold and spot silver prices were tracking higher. Spot gold per gram price was up to 42.63 and spot silver per ounce price was up to 19.98.
Investors will tune in today to see if the positive momentum for gold and silver price continues to build.



Camillo Zucari

Today’s DJIA Dow Jones Industrial Average, Nasdaq, S&P 500 stock market close review and market news update

Posted on | April 15, 2014 | No Comments

Stock Market News and stock composite trend review today April 15, 2014:
After the Dow Jones Industrial Average, Nasdaq and S&P 500 fell back during the last full trading week, stock indices moved to rebound during the opening trading session of this week. Positive earnings data paired with a positive retail sales report to push the primary stock composites higher during the last full trading session.
According to the Commerce Department, retail sales improved by 1.1 percent in March which represented the biggest gain since September 2012 for this indicator. The data was much better than expected and, considering the oppressive winter weather, it was well received by investors. It could mean much better things for the U.S. economy during the second quarter.
In earnings, Citigroup reported data that surpassed expectations. Citigroup reported a profit of $4.1 billion in the first quarter. This rate was up 2.5 percent from earnings during the same period last year. The positive data helped to boost confidence as this week opened.
As the trading session closed, all three primary stock composites posted gains for the day.

Dow Jones Industrial Average, Nasdaq, S&P 500 stock index close review today:
The S&P 500 finished the last session higher by .82 percent to close at 1,830.61. The Nasdaq rose higher by .57 percent to close at 4,022.69 and the Dow Jones Industrial Average rose higher to open the week by .91 percent to close at 16,173.24.
Stocks bounced back after the significant sell-offs that happened during the latter half of last week.
Despite the gains, all three indexes are still in the red this calendar year so far.



Frank Matto

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