Stocks (^DJI, ^GSPC, ^IXIC, ^RUT) end the day flat, but had a good week nonetheless. U.S. crude oil settled slightly lower at $40.36 per barrel as investors await the oil producer meeting in Doha this weekend.
Joining Yahoo Finance's Jen Rogers to discuss some of the other big stories of the day are Yahoo Finance editor-in-chief Andy Serwer, markets correspondent Nicole Sinclair, and Dan Dicker, president of MercBloc and author of the book "Shale Boom, Shale Bust: The Myth of Saudi America."
President Obama on Trade
Yahoo Finance's Nicole Sinclair recently spoke with President Obama on a number of economic issues, including the issue of trade and the Trans-Pacific Partnership. We discuss how Obama plans to convince Americans that free trade deals are good for the country.
Executive pay issues back in the fore
Executive pay is coming to the fore again, with Verizon workers waving CEO Lowell McAdam's $18 million salary as a talking point during their strike. Meanwhile, shareholders at BP rejected the CEO's compensation package. Eleven S&P 500 CEOs cross the $30 million barrier in annual pay.
Winners and Losers
Stocks ending the week on a down note include:
- Regulus Therapeutics on mixed interim results from a Hepatitis C treatment
- Mitel, the communications firm, after completing its acquisition of rival Polycom
- SeaWorld on a Citi downgrade citing market share losses over the past few years to rivals such as Universal
Stocks finishing in the green today include:
- Regions Financial on an earnings beat
- Macy's on comments by CEO Terry Lundgren that the company was open to all possibilities to maximize real estate value
- BATS exchange after its long awaited IPO, the first significant public offering in four months
- On Tuesday, we'll get housing starts data for March. In the prior month, we saw nearly 1.2 million units begin construction.
- Throughout the week we'll get earnings reports from the likes of Netflix, Johnson & Johnson, Goldman Sachs, Amazon, and Google.
- Finally, this Monday is Patriots Day, and that means it will be the 120th running of the Boston Marathon. Around 30,000 runners are expected to participate. This is the 3rd marathon since the bombings in 2013.