The twenty fifth trading week of 2014 comes to a close with US
markets higher in Friday afternoon trading.
Names such as Kite Pharma (
), CarMax (KMX), Shire (SHPG) and Vital Therapies (VTL) are leading
the way higher.
Hi. I'm Sayoko Murase. Welcome to the 'Weekly Market Wrap' for June
The Dow Jones Industrial Average, S&P 500, and NASDAQ Composite
are all significantly higher for the week.
Crude oil futures are higher this week, trading at $107.68 per
barrel on Friday afternoon.
And Gold futures are higher for the week, trading at $1314.93 an
In economic news, privately-owned housing units authorized by
building permits in May were at a seasonally adjusted annual rate
of 991,000. This
is 6.4 percent below the revised April rate of 1,059,000 and is 1.9
percent below the May 2013 estimate of 1,010,000.
Single-family authorizations in May were at a rate of 619,000; this
is 3.7 percent above the revised April figure of 597,000.
Authorizations of units in buildings with five units or more were
at a rate of 347,000 in May.
Privately-owned housing starts in May were at a seasonally adjusted
annual rate of 1,001,000. This is 6.5 percent below the revised
April estimate of 1,071,000, but is 9.4 percent above the May 2013
rate of 915,000. Single-family housing starts in May were at a rate
of 625,000; this is 5.9 percent below the revised April figure of
664,000. The May rate for units in buildings with five units or
more was 366,000.
The Consumer Price Index for All Urban Consumers increased 0.4
percent in May on a seasonally adjusted basis, the U.S. Bureau of
Labor Statistics reported. Over the last 12 months, the all items
index increased 2.1 percent before seasonal adjustment.
The seasonally adjusted increase in the all items index, which was
the largest since February 2013, was broad-based. The index for all
items less food and energy rose 0.3 percent in May, its largest
increase since August 2011.
In the week ending June 14, the advance figure for seasonally
adjusted initial claims was 312,000, a decrease of 6,000 from the
previous week's revised level. The previous week's level was
revised up by 1,000 from 317,000 to 318,000. The 4-week moving
average was 311,750, a decrease of 3,750 from the previous week's
revised average. The previous week's average was revised up by 250
from 315,250 to 315,500.
In highlights of corporate dividend news, Bank of America declared
a regular quarterly cash dividend on Bank of America common stock
of $0.01 per share, payable June 30 to shareholders of record as of
PG&E Corporation (
) declared its second quarter 2014 regular cash dividend of 45.5
cents per share on the Corporation's common stock. The dividend is
payable on July 15, 2014, to shareholders of record on June 30,
U.S. Bancorp (
) has approved a 6.5 percent increase in the dividend rate on U.S.
Bancorp common stock to $0.98 on an annualized basis, or $0.245 on
a quarterly basis, payable July 15, 2014, to shareholders of record
at the close of business on June 30, 2014.
Bristol-Myers Squibb (
) declared a quarterly dividend of thirty-six cents per share on
the $.10 par value Common Stock of the corporation. The next
quarterly dividend will be payable on August 1, 2014, to
stockholders of record at the close of business on July 3, 2014.
Eli Lilly and Company (
) has declared a dividend for the third quarter of 2014 of $0.49
per share on outstanding common stock. The dividend is payable
September 10, 2014 to shareholders of record at the close of
business on August 15, 2014.
This is the 'Weekly Market Wrap' for Friday, June 20, 2014. Please
join us on Monday for the Week Ahead Market Report.
VIDEO: Weekly Market Wrap: June 20, 2014