Market in Review – Week of February 28, 2014
by Angie Hembury
The Major Indices began the week with a bang as investors cheered merger & acquisition activity and a better-than-expected German Business Climate report. The Dow ended the day 0.6% higher, the S&P 500 also closed 0.6% in the black, just shy of its January 15th record close and the Nasdaq ended 0.7% higher, a 13-and-a-half-year high.
The upside momentum was short-lived, however, and stock prices fell Tuesday in a roller coaster session after the impact of a surprise dip in Consumer Confidence outweighed upbeat earnings from Home Depot. The Dow dipped 27.48 points, the S&P 500 lost 2.49 points and the Nasdaq dropped 5.38 points.