Market Report: Chipotle Raises Prices as Stock Rebound

3 years 1 month 2 days 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
loading

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
CLAYTON (AP) — A former suburban St. Louis high school principal already accused of having a sexual relationship with a... More >>
7 minutes ago May 23, 2017 May 23, 2017 Tuesday, May 23 2017 Tuesday, May 23, 2017 9:49:55 AM CDT in News
JEFFERSON CITY (AP) — Lincoln University in Jefferson City plans to cut 48 jobs and reduce salaries as it tries... More >>
22 minutes ago May 23, 2017 May 23, 2017 Tuesday, May 23 2017 Tuesday, May 23, 2017 9:34:13 AM CDT in News
SPRINGFIELD (AP) — Residents around Rogersville are being warned to keep their eyes out for a 20-foot Burmese python that's... More >>
1 hour ago May 23, 2017 May 23, 2017 Tuesday, May 23 2017 Tuesday, May 23, 2017 8:24:48 AM CDT in News
ST. LOUIS (AP) — A court ruling requires Missouri to at least temporarily remove GPS monitoring devices from some sex... More >>
1 hour ago May 23, 2017 May 23, 2017 Tuesday, May 23 2017 Tuesday, May 23, 2017 8:07:03 AM CDT in News
BETHLEHEM, West Bank (AP) — A senior Palestinian official says he expects President Donald Trump's visit to the Holy Land... More >>
2 hours ago May 23, 2017 May 23, 2017 Tuesday, May 23 2017 Tuesday, May 23, 2017 7:00:01 AM CDT in News
ST. LOUIS (AP) — A 6-year-old St. Louis boy's plea for an end to violence has been viewed by tens... More >>
4 hours ago May 23, 2017 May 23, 2017 Tuesday, May 23 2017 Tuesday, May 23, 2017 5:42:00 AM CDT in News
COLUMBIA – Central Missouri Honor Flight completed its second flight of the year to honor 75 war veterans on Monday.... More >>
8 hours ago May 23, 2017 May 23, 2017 Tuesday, May 23 2017 Tuesday, May 23, 2017 1:53:00 AM CDT in News
COLUMBIA – Jay Ashcroft will make his first visit to the Columbia Chamber of Commerce since becoming the Missouri secretary... More >>
8 hours ago May 23, 2017 May 23, 2017 Tuesday, May 23 2017 Tuesday, May 23, 2017 1:00:00 AM CDT in News
FULTON - Tornado sirens in Fulton sounded around 8:30 p.m. Monday night, but there was no severe weather in... More >>
12 hours ago May 22, 2017 May 22, 2017 Monday, May 22 2017 Monday, May 22, 2017 9:16:00 PM CDT in News
JEFFERSON CITY – Missouri State Legislators introduced three new versions of the “Steel Mill Bill” after returning from their one-week... More >>
13 hours ago May 22, 2017 May 22, 2017 Monday, May 22 2017 Monday, May 22, 2017 7:58:00 PM CDT in News
ST. LOUIS (AP) — The newest addition to the St. Louis Zoo is a critically endangered black rhino. The... More >>
14 hours ago May 22, 2017 May 22, 2017 Monday, May 22 2017 Monday, May 22, 2017 7:45:00 PM CDT in Continuous News
JEFFERSON CITY (AP) - Missouri state Sen. Rob Schaaf is calling on Gov. Eric Greitens to expand the scope of... More >>
14 hours ago May 22, 2017 May 22, 2017 Monday, May 22 2017 Monday, May 22, 2017 7:30:00 PM CDT in News
HALLSVILLE - Some Hallsville parents are questioning their children's safety in the school district after the suicide death of middle... More >>
15 hours ago May 22, 2017 May 22, 2017 Monday, May 22 2017 Monday, May 22, 2017 6:06:00 PM CDT in Target 8
COLUMBIA - The University of Missouri's plan to handle massive budget cuts includes the elimination of about 383 jobs, through... More >>
18 hours ago May 22, 2017 May 22, 2017 Monday, May 22 2017 Monday, May 22, 2017 3:52:00 PM CDT in News
(COLUMBIA) - Last week, we talked about inflammation and how it can contribute to weight gain. This week we’re going... More >>
18 hours ago May 22, 2017 May 22, 2017 Monday, May 22 2017 Monday, May 22, 2017 3:13:00 PM CDT in News
JOPLIN (AP) - On Monday's anniversary of the Joplin tornado that cut a path of destruction through the city in... More >>
19 hours ago May 22, 2017 May 22, 2017 Monday, May 22 2017 Monday, May 22, 2017 2:55:00 PM CDT in News
ST. CHARLES - The trial of the state of Missouri vs. Serghei Comerzan for the death of Missouri State Trooper,... More >>
20 hours ago May 22, 2017 May 22, 2017 Monday, May 22 2017 Monday, May 22, 2017 1:34:00 PM CDT in Top Stories
COLUMBIA - Police have confirmed one man has life-threatening injuries after a shooting on Dawn Ridge Road. Police received... More >>
20 hours ago May 22, 2017 May 22, 2017 Monday, May 22 2017 Monday, May 22, 2017 1:21:00 PM CDT in News
Columbia, MO
Broken Clouds 59°
10am 61°
11am 62°
12pm 63°
1pm 65°

Select a station to view its upcoming schedule:

Coming Up Next

7:00a
Today
11:00a
Rachael Ray
12:00p
KOMU 8 News @ Noon
9:00a
The Steve Wilkos Show
10:00a
Jerry Springer
11:00a
Jerry Springer

Tonight's Schedule

7:00p
Great News
7:30p
Great News
8:00p
The Voice
7:00p
The Flash
8:00p
iZombie
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld