VectorVest’s Market in Review – Week ending 1/17/14
by Angie Hembury for VectorVest
Stocks began the week sharply lower as early declines were exacerbated by comments from non-voting Atlanta Fed President Dennis Lockhart stating that he would support further tapering. The Major Indexes all experienced their biggest decline so far this year with the Dow plunging 1.09%, the S&P 500 plummeting 1.26% and the Nasdaq, Monday’s biggest decliner, sinking 1.47%. Better-than-expected Retail Sales data gave investors a reason to buy stocks Tuesday and the Major Indices posted a win across the board. The Dow rose 115.92 points, the S&P 500 gained 19.68 points and the Nasdaq added 69.71 points.