The Online Investor
OLI Premium
Retiree Portfolio
Stock Option Ideas
Preferred Stock List
Weekly Market Wrap: October 17, 2014
The Online Investor - Fri., Oct. 17, 4:19 PM

A volatile forty-second trading week of 2014 comes to a close with the S&P 500, NASDAQ composite and Dow Jones all significantly higher in early-afternoon trading on Friday.

Most actively traded stocks include Advanced Micro Devices (AMD) up 2.5%, Bank of America (BAC) higher by 0.9%, Apple (AAPL) up 1.7% and General Electric (GE) up 2.5%.

Hi. I'm Kristin Bianco. Welcome to the 'Weekly Market Wrap' for October 17, 2014.

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite are all lower this week.

Crude oil futures are sharply lower this week, trading at $83.07 per barrel on Friday afternoon.

And Gold futures are higher this week, trading at $1238.95 an ounce this afternoon.

In economic news, the U.S. Census Bureau announced that advance estimates of U.S. retail and food services sales for September, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $442.7 billion, a decrease of 0.3 percent from the previous month, but 4.3 percent above September 2013. Total sales for the July through September 2014 period were up 4.5 percent from the same

period a year ago. The July to August 2014 percent change was unrevised from 0.6%.

Retail trade sales were down 0.4 percent from August 2014, but 4.0 percent above last year. Auto and other motor vehicle dealers were up 10.4 percent from September 2013 and food services and drinking places were up 7.1 percent from last year.

The Producer Price Index for final demand decreased 0.1 percent in September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. Final demand prices were unchanged in August and advanced 0.1 percent in July. On an unadjusted basis, the index for final demand increased 1.6 percent for the 12 months ended in September.

In September, the 0.1-percent decrease in final demand prices can be traced to the indexes for both goods and services, which moved down 0.2 percent and 0.1 percent, respectively.

Within intermediate demand, prices for processed goods inched up 0.1 percent, the index for unprocessed goods rose 0.6 percent, and prices for services were unchanged.

In the week ending October 11, the advance figure for seasonally adjusted initial claims was 264,000, a decrease of 23,000 from the previous week's unrevised level of 287,000. This is the lowest level for initial claims since April 15, 2000 when it was 259,000. The 4-week moving average was 283,500, a decrease of 4,250 from the previous week's unrevised average of 287,750. This is the lowest level for this average since June 10, 2000 when it was 283,500.

Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,017,000. This is 6.3 percent above the revised August estimate of 957,000 and is 17.8 percent above the September 2013 rate of 863,000. Single-family housing starts in September were at a rate of 646,000; this is 1.1 percent above the revised August figure of 639,000. The September rate for units in buildings with five units or more was 353,000.

Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,018,000. This is 1.5 percent above the revised August rate of 1,003,000 and is 2.5 percent above the September 2013 estimate of 993,000.

In corporate dividend news, the Goldman Sachs Group increased the firm's quarterly dividend to $0.60 per common share from $0.55 per common share. The dividend will be paid on December 30, 2014 to common shareholders of record on December 2, 2014.

Johnson & Johnson (NYSE:JNJ) has declared a cash dividend for the fourth quarter of 2014 of $0.70 per share on the company's common stock. The dividend is payable on December 9, 2014 to shareholders of record at the close of business on November 25, 2014. The ex-dividend date is November 21, 2014.

Paychex (NASDAQ:PAYX) declared a regular quarterly dividend of $.38 per share payable November 20, 2014 to shareholders of record November 3, 2014.

Carnival Corporation (NYSE:CCL) has announced that it has declared a dividend of $0.25 per share. The company's board of directors approved a record date for the quarterly dividend of November 21, 2014, and a payment date of December 12, 2014.

And, Stanley Black & Decker (NYSE:SWK) approved a regular fourth quarter cash dividend of $0.52 per common share. The dividend is payable on Tuesday, December 16, 2014 to shareholders of record as of the close of business on Friday, December 5, 2014.

This is the 'Weekly Market Wrap' for Friday, October 17, 2014. Please join us on Monday for the Week Ahead Market Report.

Decades of Increasing Payments: 25 S.A.F.E. Dividend Stocks
10 Dividend Bargains You Can Buy Cheaper Than Insiders Did
ETFs With Stocks The Insiders Are Buying
The Top 20 Largest U.S. Stocks By Market Cap
Top Analyst Picks of the Dow
The DividendRank Top 25
10 Stocks Where Yields Got More Juicy
Feel-Good Income: 25 Socially Responsible Dividend Stocks
10 Oversold Dividend Stocks
Top Ranked Dividend Stocks With Insider Buying
Top 25 Analyst Picks With Strong Stock Repurchase Activity
The 20 Largest ETFs
The Top 25 Lowest PE Ratios of the S&P 500
10 Stocks Going Ex-Dividend
The Top 10 DividendRank'ed DJIA Components
Current Top Analyst Picks of the S&P 500
The Top 10 DividendRank'ed Nasdaq 100 Components
The Best Performing ETFs (TTM)
The Worst Performing ETFs (TTM)
The Best Performing ETFs (Last 3 Months)
The Worst Performing ETFs (Last 3 Months)
Notable ETF Inflows
Notable ETF Outflows
25 Dividend Giants Widely Held By ETFs
10 Must-Know High-Yield REITs
10 Top DividendRank'ed Financials
10 Top DividendRank'ed Metals Stocks
10 Top DividendRank'ed Energy Stocks
10 Top DividendRank'ed Utility Stocks
Forgotten Giants of the S&P 500 — Current Least Favorites
Stock market game
October 23, 2014    1:48 PM Eastern

If the video does not load after a few moments, Upgrade to the Latest Flash Player.
Quotes delayed 20 minutes

Weekly Market Wrap | The Online Investor | | Copyright © 1998 - 2014, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.