The twenty ninth trading week of 2014 comes to a close with US
markets higher in the last hour.
Most actively traded stocks include Advanced Micro Devices (
) down 16.5%, Bank of America (BAC) up 1.8%, Zynga (ZNGA) down 1.3%
and General Electric (GE) down 1%.
Hi. I'm Sayoko Murase. Welcome to the 'Weekly Market Wrap' for July
The Dow Jones Industrial Average is slightly higher for the week,
the S&P 500 is relatively flat and the NASDAQ is slightly lower
for the period.
Crude oil futures are higher this week, trading at $103.05 per
barrel on Friday afternoon.
And Gold futures are lower for the week, trading at $1310.98 an
In economic news, the Producer Price Index for final demand rose
0.4 percent in June, seasonally adjusted, the U.S. Bureau of Labor
Statistics reported. This increase followed a 0.2-percent decline
in May and a 0.6-percent advance in April. On an unadjusted basis,
the index for final demand moved up 1.9 percent for the 12 months
ended in June.
In June, the 0.4-percent increase in final demand prices can be
traced to a 0.5-percent advance in the index for final demand goods
and a 0.3-percent rise in prices for final demand services.
In the week ending July 12, the advance figure for seasonally
adjusted initial claims was 302,000, a decrease of 3,000 from the
previous week's revised level. The previous week's level was
revised up by 1,000 from 304,000 to 305,000. The 4-week moving
average was 309,000, a decrease of 3,000 from the previous week's
revised average. This is the lowest level for this average since
June 2, 2007 when it was 307,500. The previous week's average was
revised up by 500 from 311,500 to 312,000.
Privately-owned housing units authorized by building permits in
June were at a seasonally adjusted annual rate of 963,000. This is
4.2 percent below the revised May rate of 1,005,000, but is 2.7
percent above the June 2013 estimate of 938,000. Single-family
authorizations in June were at a rate of 631,000; this is 2.6
percent above the revised May figure of 615,000. Authorizations of
units in buildings with five units or more were at a rate of
301,000 in June.
Privately-owned housing starts in June were at a seasonally
adjusted annual rate of 893,000. This is 9.3 percent below the
revised May estimate of 985,000, but is 7.5 percent above the June
2013 rate of 831,000. Single-family housing starts in June were at
a rate of 575,000; this is 9.0 percent below the revised May figure
of 632,000. The June rate for units in buildings with five units or
more was 305,000.
In highlights of corporate dividend news, Citigroup declared a
quarterly dividend on Citigroup's common stock of $0.01 per share,
payable on August 22, 2014 to stockholders of record on August 4,
) declared a quarterly dividend of $0.40 per share of outstanding
common stock. The dividend is payable on October 10, 2014 to
stockholders of record at the close of business on September 3,
The Coca-Cola Company declared a regular quarterly dividend of 30.5
cents per common share. The dividend is payable Oct. 1, 2014, to
shareowners of record as of Sept. 15, 2014.
) declared a quarterly dividend on the company's common stock of
$0.10 per share, payable on September 30, 2014, to holders of
record on August 29, 2014.
ConAgra Foods (
) approved a dividend payment of $0.25 per common share to be paid
on Aug. 28, 2014, to stockholders of record at the close of
business on July 28, 2014.
And, The Goldman Sachs Group (
) declared a dividend of $0.55 per common share to be paid on
September 29, 2014 to common shareholders of record on August 29,
This is the 'Weekly Market Wrap' for Friday, July 18, 2014. Please
join us on Monday for the Week Ahead Market Report.
VIDEO: Weekly Market Wrap: July 18, 2014