Sunday, April 27, 2014

U.S. Equity Market Recap for the Week of April 25

U.S. equity markets were down slightly for the week ending April 25. The S&P 500 fell 0.08% and the Dow Jones Industrial Average (DJIA) was down 0.28%. The Russell 3000 which represents the broad U.S. market was down 0.21%. Large-cap outperformed small-cap for the week shown by a -0.11% loss in the Russell 1000 versus a -1.31% loss in the Russell 2000. Technology stocks were also down for the week represented by the NASDAQ Composite Index which fell 0.49%.

The DJIA which traded evenly for the week was down only 0.28% and saw a number of earnings reports that influenced valuations within the index. Exxon Mobil, United Technologies, AT&T, McDonald’s, Travelers, Boeing, Procter & Gamble, 3M, Caterpillar, Microsoft, Verizon and Visa were among the DJIA companies reporting earnings during the April 25 week.

Microsoft’s earnings were a Dow 30 highlight for the week as Satya Nadella gave his first earnings report as CEO and followers were interested in additional information on the Nokia deal which reportedly closed on April 25.

Broader economic factors also influenced the market during the week. On Monday April 21 the Conference Board reported its Leading Economic Indicators Index which showed improvement for the U.S. economy in March. Broad market improvements could indicate increases ahead in U.S. market valuations.

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