Financial News - Business News - Stock News - Market News - Stock Exchange CLICK HERE➡ ➡ FinancialBuzz.com Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2018 Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2018 On Monday, retail sales for March rose .6% compared to the prior month’s .1% decline. The Empire State manufacturing survey for April fell 6.7 points to 15.8 and the housing market index for April fell one point to 69. Fears of further escalation in Syria after last week’s missile strikes faded and strong first quarter earnings came into focus. The Dow Industrials closed 212 points higher. On Tuesday, housing starts for March rose 1.9% to 1.32 million units and industrial production for March rose .5% on top of the prior month’s 1% gain. Better than expected earnings continued and helped push the S&P 500 higher than its 100-day moving average for the first time in a month. On Wednesday, the EIA petroleum status report for the week ending April 13th saw crude oil inventory decline 1.1 million barrels. The Federal Reserve released its beige book covering March. Tariffs were blamed for some large price increases for some customers, particularly for steel, however, inflation was otherwise described as moderate and wage increases as modest. West Texas Intermediate crude surged 3.4% to $68.76 a barrel, gold rose slightly to $1,348 an ounce. On Thursday, jobless claims for the week ending April 14th fell 1,000 to 232,000. Markets sank as a large semiconductor manufacturer said its second quarter revenue will fall far short of expectations. The Nasdaq composite fell by .8%. Interest rates rose as 10 year Treasuries finished at 2.91%, their highest yield in eight weeks. On Friday markets opened lower as Morgan Stanley said Apple’s iPhone sales will be lower than expectations, and 10 year Treasury yields rose to as high as 2.94%. Now let’s take a look at some stocks. Netflix, Inc. (NASDAQ: NFLX) released its first-quarter financial results on Monday, reporting a record 7.41 million subscribers, up 50% year-over-year. Revenue rose 43% to $3.7 billion in the first quarter. Netflix reached an all-time high of $338.82 per share this week. International Business Machines Corp. (NYSE: IBM) announced first-quarter results on Tuesday, reporting technology services & cloud platforms with revenues of $8.6 billion, up 5%. IBM fell to below $147 per share this week when investors were disappointed with the company’s guidance. The Goldman Sachs Group, Inc. (NYSE: GS) reported on Tuesday net revenues of $10 billion and net earnings of $2.8 billion for the first quarter. Net revenues in Financial Advisory were $586 million, 22% lower year-over-year, reflecting a decrease in completed mergers and acquisitions transactions. Goldman Sachs fell below $253 a share on Tuesday. Amazon.com, Inc. (NASDAQ: AMZN) CEO Jeff Bezos revealed in a letter to shareholders on Wednesday that Amazon Prime has over 100 million members worldwide. “Prime added more members in India in its first year than any previous geography in Amazon’s history,” Bezos wrote. Amazon reached a high of $1,568.52 per share on Thursday. Philip Morris International Inc. (NYSE: PM) announced its first-quarter results Thursday morning. Cigarette and heated tobacco shipment volume of 173.8 billion units was down by 2.3%. The company’s shares fell Thursday morning over 15%, reaching a new 52-week low of $83.50. © 2011 Financial Buzz. All rights reserved. No portion of FinancialBuzz.com may be duplicated, redistributed or manipulated in any form without our consent, violators will be prosecuted to the full extent of the law.

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