Market Report: Chipotle Raises Prices as Stock Rebound

2 years 3 months 1 week ago April 20, 2014 Apr 20, 2014 Sunday, April 20 2014 Sunday, April 20, 2014 3:09:00 PM CDT in News
By: William Joy, KOMU 8 Reporter

COLUMBIA - Stocks boomed back on this shortened week after a technology sell-off drove them down last week.

The Dow Jones Industrial Average rose 2.4 percent up to 16,408.54, to cap its best week of the year. The NASDAQ also jumped up 2.4 percent, climbing to 4,095.52, and the S&P 500 had its best week since July, moving to 1,864.85, up 2.7 percent after major banks, as well as Yahoo Inc., released earnings that beat estimates.

There was some negative business news for mid-Missouri, though.

Each of the 12 Federal Reserve districts put out a report called the "Beige Book" eight times a year, and, when the most recent report came out this week, the St. Louis region, which includes Columbia, joined Cleveland as the only two areas where economic activity declined. The report showed, while manufacturing in the district was up, real estate was down. The report also noted the service sector has been negative, with gaming, food and healthcare companies planning layoffs.

The cost of a burrito is going up. Chipotle announced this week it'll be increasing its prices.

The Mexican food chain said Thursday that prices for all its menu items will go up 3 to 5 percent for the first time in three years. The price increases will go into effect over the next three to six months. Chipotle says the increasing cost of beef and avocados is the reason behind the change.

Americans are spending significantly more on Easter now than they have in years past.

The National Retail Federation said the average American expects to spend $137.46 on Easter this year, which is up 42 percent from a decade ago. In all, Americans are expected to spend $15.9 billion. The No. 1 thing people spend money on is food, followed by clothing, and then gifts. People in the Midwest spend the most on candy, while Southerners spend the most on clothing, and people in the Northeast pay the most for flowers.

For the week ahead, the main reports to watch are initial jobless claims on Thursday and consumer sentiment on Friday.

 

More News

Grid
List
JEFFERSON CITY (AP) — Former Missouri House Speaker Catherine Hanaway is touting her experience as a former U.S. attorney in... More >>
1 hour ago July 28, 2016 Jul 28, 2016 Thursday, July 28 2016 Thursday, July 28, 2016 4:16:44 PM CDT in News
KANSAS CITY, Mo. (AP) — A judge has rejected conspiracy allegations against Missouri State Highway Patrol commanders named in a... More >>
1 hour ago July 28, 2016 Jul 28, 2016 Thursday, July 28 2016 Thursday, July 28, 2016 3:42:52 PM CDT in News
JOPLIN (AP) — A 53-year-old southwest Missouri man has been ordered to stand trial in the death of a 61-year-old... More >>
2 hours ago July 28, 2016 Jul 28, 2016 Thursday, July 28 2016 Thursday, July 28, 2016 3:10:16 PM CDT in News
MOBERLY - After four straight days with water boil advisory warnings, Moberly residents could see a solution to their water... More >>
2 hours ago July 28, 2016 Jul 28, 2016 Thursday, July 28 2016 Thursday, July 28, 2016 3:03:00 PM CDT in News
ST. LOUIS (AP) — Prosecutors have charged a St. Louis woman with arranging the deaths of two 16-year-old boys who... More >>
2 hours ago July 28, 2016 Jul 28, 2016 Thursday, July 28 2016 Thursday, July 28, 2016 2:39:16 PM CDT in News
JEFFERSON CITY (AP) — Missouri election officials are predicting 31 percent of registered voters will cast ballots in next Tuesday's... More >>
2 hours ago July 28, 2016 Jul 28, 2016 Thursday, July 28 2016 Thursday, July 28, 2016 2:31:02 PM CDT in News
JEFFERSON CITY (AP) — Democratic vice presidential candidate Tim Kaine is seeking to rally support in Missouri, where he attended... More >>
2 hours ago July 28, 2016 Jul 28, 2016 Thursday, July 28 2016 Thursday, July 28, 2016 2:25:11 PM CDT in News
COLUMBIA - The executive director of the Missouri Veteran's Commission, Larry Kay, was placed on paid administrative leave Thursday. The... More >>
3 hours ago July 28, 2016 Jul 28, 2016 Thursday, July 28 2016 Thursday, July 28, 2016 2:09:00 PM CDT in News
COLUMBIA - Columbia resident Beth Dixon and her team of volunteers finished preparing care bags for local law enforcement Thursday... More >>
3 hours ago July 28, 2016 Jul 28, 2016 Thursday, July 28 2016 Thursday, July 28, 2016 1:39:00 PM CDT in News
COLUMBIA - The owner of Columbia's Bocomo Bay retail store pleaded guilty Thursday for his role in conspiring to distribute... More >>
4 hours ago July 28, 2016 Jul 28, 2016 Thursday, July 28 2016 Thursday, July 28, 2016 12:43:00 PM CDT in News
SCOTT CITY (AP) — A southeast Missouri man is facing charges after one of his stepchildren shot video that allegedly... More >>
8 hours ago July 28, 2016 Jul 28, 2016 Thursday, July 28 2016 Thursday, July 28, 2016 8:44:05 AM CDT in News
KANSAS CITY (AP) — Authorities are investigating after a woman was found dead inside a Kansas City apartment. Police... More >>
9 hours ago July 28, 2016 Jul 28, 2016 Thursday, July 28 2016 Thursday, July 28, 2016 8:18:46 AM CDT in News
ST. LOUIS (AP) — Relatives of a man badly burned after his SUV was hit by a car being chased... More >>
9 hours ago July 28, 2016 Jul 28, 2016 Thursday, July 28 2016 Thursday, July 28, 2016 7:44:46 AM CDT in News
ST. LOUIS (AP) — The owner of Sweetie Pie's restaurants in the St. Louis area is suing her son, alleging... More >>
9 hours ago July 28, 2016 Jul 28, 2016 Thursday, July 28 2016 Thursday, July 28, 2016 7:32:00 AM CDT in News
KANSAS CITY (AP) — A suburban Kansas City man has been sentenced to seven years in prison after a house... More >>
10 hours ago July 28, 2016 Jul 28, 2016 Thursday, July 28 2016 Thursday, July 28, 2016 6:50:49 AM CDT in Continuous News
COLUMBIA - Thursday marks the eighth Project Homeless Connect event hosted by the City of Columbia's Community Development Department. ... More >>
14 hours ago July 28, 2016 Jul 28, 2016 Thursday, July 28 2016 Thursday, July 28, 2016 3:13:00 AM CDT in News
FULTON - A new outdoor activity has been bringing out Missourians to look for hidden rocks since the start of... More >>
17 hours ago July 27, 2016 Jul 27, 2016 Wednesday, July 27 2016 Wednesday, July 27, 2016 11:58:00 PM CDT in Top Stories
COLUMBIA - One person died after a shooting at Allen Street and LaSalle Place, The shooting took place just before... More >>
17 hours ago July 27, 2016 Jul 27, 2016 Wednesday, July 27 2016 Wednesday, July 27, 2016 11:37:00 PM CDT in News
Columbia, MO
Broken Clouds 87°
6pm 87°
7pm 86°
8pm 82°
9pm 78°

Select a station to view its upcoming schedule:

Coming Up Next

5:00p
KOMU 8 News @ 5
5:30p
NBC Nightly News with Lester Holt
6:00p
KOMU 8 News @ 6
5:00p
American Dad!
5:30p
American Dad!
6:00p
Family Guy

Tonight's Schedule

7:00p
Running Wild with Bear Grylls
8:00p
Hollywood Game Night
9:00p
NBC News Special: 2016 Democratic National Convention
7:00p
DC's Legends of Tomorrow
8:00p
Beauty and the Beast
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld