Weekly Market Wrap: November 14, 2014 Friday, November 14, 3:51 PM ET
The forty-sixth trading week of 2014 comes to a close with the S&P 500 and Dow Jones slightly lower, and the NASDAQ composite higher in early-afternoon trading on Friday.
Most actively traded stocks include Nokia (NYSE:NOK) down 5.1%, Baker Hughes (NYSE:BHI) lower by 0.35%, Apple (NASDAQ:AAPL) up 1% and Hertz Global Holdings (NYSE:HTZ) down 13.7%.
Hi. I'm Sayoko Murase. Welcome to the 'Weekly Market Wrap' for November 14, 2014.
The Dow Jones Industrial Average, S&P 500 and the Nasdaq Composite are all higher for the week.
Crude oil futures are lower this week, trading at $75.34 per barrel on Friday afternoon.
And Gold futures are higher this week, trading at $1192.12 an ounce this afternoon.
In economic news, in the week ending November 8, the advance figure for seasonally adjusted initial claims was 290,000, an increase of 12,000 from the previous week's unrevised level of 278,000. The 4-week moving average was 285,000, an increase of 6,000 from the previous week's unrevised average of 279,000.
The advance seasonally adjusted insured unemployment rate was 1.8 percent for the week ending November 1, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 1 was 2,392,000, an increase of 36,000 from the previous week's revised level. The previous week's level was revised up 8,000 from 2,348,000 to 2,356,000. The 4-week moving average was 2,372,500, an increase of 750 from the previous week's revised average. The previous week's average was revised up by 2,000 from 2,369,750 to 2,371,750.
The U.S. Census Bureau announced that advance estimates of U.S. retail and food services sales for October, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $444.5 billion, an increase of 0.3 percent from the previous month, and 4.1 percent above October 2013. Total sales for the August through October 2014 period were up 4.5 percent from the same period a year ago. The August to September 2014 percent change was unrevised from -0.3%.
Retail trade sales were up 0.3 percent from September 2014, and 3.8 percent above last year. Nonstore retailers were up 9.1 percent from October 2013 and auto and other motor vehicle dealers were up 8.3 percent from last year.
In corporate dividend news, Viacom (NASDAQ:VIAB) has declared a quarterly cash dividend of $0.33 per share on both its Class A and Class B common stock. The dividend will be payable on January 2, 2015 to stockholders of record at the close of business on December 15, 2014.
Automatic Data Processing (NASDAQ:ADP) approved a $0.01 increase in the quarterly cash dividend to an annual rate of $1.96 per share, Carlos Rodriguez, president and chief executive officer, announced. The new quarterly dividend rate of $0.49 per share compares with the previous quarterly dividend rate of $0.48 per share. This increased quarterly dividend will be distributed on January 1, 2015 to shareholders of record at December 12, 2014.
Baxter International (NYSE:BAX) declared a quarterly dividend of $0.52 per Baxter common share. The dividend is payable on January 2, 2015 to shareholders of record as of December 5, 2014.
CenturyLink (NYSE:CTL) voted to declare a regular quarterly cash dividend of $0.54 per share, a portion of which will be payable out of capital surplus, on December 5, 2014, to shareholders of record on November 24, 2014.
Waste Management (NYSE:WM) announced the declaration of a quarterly cash dividend of $0.375 per share payable December 19, 2014 to stockholders of record on December 5, 2014.
And, Pitney Bowes (NYSE:PBI) has declared a quarterly cash dividend on the company's common stock of $0.1875 cents per share. The dividend will be paid on December 12, 2014, to stockholders of record on November 21, 2014.
This is the 'Weekly Market Wrap' for Friday, November 14, 2014. Please join us on Monday for the Week Ahead Market Report.
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