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  • Markets regain after midday slump and end in the green

    Dean Arrindell at Hot Stock Minute12 hrs ago

    Markets ended the day up slightly after recovering from a midday slump. The Dow (^DJI) ended the day up 0.55%. The Nasdaq (^IXIC) closed up 0.29%. And the S&P 500 (^GSPC) ended the day up 0.68%.

    Federal Reserve Chair Janet Yellen said banks may need to hold additional capital to weather financial stress. Speaking via video to an Atlanta banking conference, Yellen said additional capital could help make the banks more stable if another financial crisis occurred. She said stricter rules are possible, but they would likely only apply to the most complex banks. The Fed will conduct a review to see how stricter rules would affect banks.

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  • Stocks higher after a surge in retail sales and strong Citigroup earnings

    Deirdre Hughes at Hot Stock Minute1 day ago

    Stocks booked healthy gains on Monday to start the week after a brutal selloff at the end of last week. The Dow (^DJI) gained 0.9%, while the beaten down Nasdaq (^IXIC) was up nearly 0.6%, and the broader S&P 500 (^GSPC) climbed 0.8% to start the week. Retail sales for March showed consumers returned to buying once the winter thaw began. And Citigroup (C) turned in better-than-expected results for the first quarter, which was especially welcome news after JPMorgan’s (JPM) disappointing results on Friday.

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  • Markets close the week in the red

    Dean Arrindell at Hot Stock Minute4 days ago

    Markets ended the week down The Dow (^DJI) ended the day down at 16,026.75. The Nasdaq (^IXIC) closed lower at 3,999.73 And the S&P 500 (^GSPC) ended the day 17 points lower at 1,815.69.

    Better employment figures and leaving a harsh winter behind boosted Consumer Confidence in April to its highest level since July. The index rose to 82.6 beating analysts’ estimates of 81. April’s number was up from last month’s four-month low of 80.

    Despite the market woes, it was a great market debut for Zoe’s Kitchen (ZOES). The Mediterranean-themed restaurant priced its shares at $15, but the stock opened at $25.65 and shot up as high as $26.14 per share. Shares of the company closed at $24.72.

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