Feb 14, 2014

Morning Market Report

Markets stabilise as results season draws to a close.

The market is up 27 points. The Dow Jones was up 64 points at 16,028 — the market was weaker at the start, down as much as 100 points, before rising through the day in a 175 point range.

Markets overlooked weaker than expected economic data, with retail sales falling 0.4% (a flat result was expected) and an increase in the weekly jobless claims believed to have been weather-affected, and instead focused on better than expected earnings results.  

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