Free Market Analysis Article 5
Current Market Updates
What happend in the stock market over the last week to make news. Get information about the big changes that will produce results in way the market moves.
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Weekly Update 7/17/09
We had good news this week from Johnson & Johnson and Goldman Sachs which brought the market a nice little rally. The S&P climbed about 7% but not quite back to its high from June 11th. Continue to look for reports on other second quarter earnings.
There are still high levels of unemployment and jobless claims but new requests have declined. Good news is that production did not shrink as much as economists thought. The manufacturing index decline was the smallest it has been over the past year. June is now the high month of the previous 7 regarding housing starts.
Companies are still focused on regaining profitability. Unfortunately this gain in profits is a result of employee layoffs and cost cutting production vice increasing output and thus increasing sales and revenue. Intel is showing signs of increasing sales, possibly due to new mini-computer developments.