Saturday, November 29, 2014

November 28 Trading Week

U.S. financial market indexes reported gains for the shortened holiday trading week. The Dow Jones Industrial Average ended the week at 17,828.24, up 0.11% for the week. The S&P 500 closed at 2,067.56, up 0.25% for the week.

GDP and information on the PCE Index were highlights for the week. The seasonally adjusted annual growth rate for GDP was revised up for the third quarter from 3.5% to 3.9%. The PCE Index showed a 1.4% increase over the one year period ending in October with a 1.6% increase when excluding food and energy.

Year to date the Dow Jones Industrial Average has gained 7.55% while the S&P 500 has gained 11.86%. 

Monday, October 13, 2014

Third Quarter Financial Sector Earnings

This week a number of financial companies will report their third quarter earnings including three companies in the Dow Jones Industrial Average. JPMorgan will report results on Tuesday followed by American Express on Wednesday and Goldman Sachs on Thursday.

Some key trends to watch in the banking sector include the following:

More details on American Express and credit card businesses can also be found here:
Credit Card Company Weekly Notes – MasterCard, Visa And American Express