Market Report: Chipotle Raises Prices as Stock Rebound

2 years 5 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- City officials are asking for public input on what to do with funds from the federal government. ... More >>
2 hours ago September 27, 2016 Sep 27, 2016 Tuesday, September 27 2016 Tuesday, September 27, 2016 7:37:00 PM CDT in News
COLUMBIA - A recent PEW Research study found the United States ranks last out of 41 countries in terms of... More >>
3 hours ago September 27, 2016 Sep 27, 2016 Tuesday, September 27 2016 Tuesday, September 27, 2016 7:01:00 PM CDT in News
COLUMBIA- Plans to make Columbia a top destination for healthcare are in the works. The Mayor's task force on... More >>
3 hours ago September 27, 2016 Sep 27, 2016 Tuesday, September 27 2016 Tuesday, September 27, 2016 6:47:00 PM CDT in Continuous News
COLUMBIA - Missouri Women's Business Center has more than doubled students in an entrepreneurship course since opening about four months... More >>
6 hours ago September 27, 2016 Sep 27, 2016 Tuesday, September 27 2016 Tuesday, September 27, 2016 4:20:00 PM CDT in News
JEFFERSON CITY - The Jefferson City Animal Shelter said the Trap-Neuter-Release program has decreased the number of feral cats in... More >>
7 hours ago September 27, 2016 Sep 27, 2016 Tuesday, September 27 2016 Tuesday, September 27, 2016 3:12:00 PM CDT in News
COLUMBIA – Elementary school students in Columbia gathered in their music classes Tuesday to learn about blues music ahead of... More >>
8 hours ago September 27, 2016 Sep 27, 2016 Tuesday, September 27 2016 Tuesday, September 27, 2016 2:02:00 PM CDT in News
JEFFERSON CITY (AP) — A Missouri judge has thrown out a state ethics case against a man who describes himself... More >>
8 hours ago September 27, 2016 Sep 27, 2016 Tuesday, September 27 2016 Tuesday, September 27, 2016 1:41:24 PM CDT in News
COLUMBIA -- Columbia Safeety's acquisition of a 100,000-square foot facility in North Columbia could bring as many as 50 jobs... More >>
9 hours ago September 27, 2016 Sep 27, 2016 Tuesday, September 27 2016 Tuesday, September 27, 2016 12:51:00 PM CDT in News
KANSAS CITY (AP) — A group that presses single women, minorities and millennials to register to vote is apologizing for... More >>
10 hours ago September 27, 2016 Sep 27, 2016 Tuesday, September 27 2016 Tuesday, September 27, 2016 12:07:20 PM CDT in News
KANSAS CITY (AP) — A Johnson County horticulturist says the number of people dealing with bites from the oak leaf... More >>
10 hours ago September 27, 2016 Sep 27, 2016 Tuesday, September 27 2016 Tuesday, September 27, 2016 12:00:45 PM CDT in News
COLUMBIA -- The University of Missouri System kicked off a week-long commemoration Tuesday of its now-30-year-old partnership with the University... More >>
10 hours ago September 27, 2016 Sep 27, 2016 Tuesday, September 27 2016 Tuesday, September 27, 2016 11:44:00 AM CDT in News
ST. LOUIS (AP) — Several members of the St. Louis-area clergy are questioning why it took four years for murder... More >>
12 hours ago September 27, 2016 Sep 27, 2016 Tuesday, September 27 2016 Tuesday, September 27, 2016 10:28:01 AM CDT in News
SPRINGFIELD (AP) — Suspended Missouri State quarterback Breck Ruddick has been cited with animal cruelty and allowing a dog to... More >>
13 hours ago September 27, 2016 Sep 27, 2016 Tuesday, September 27 2016 Tuesday, September 27, 2016 9:18:36 AM CDT in News
ROCK HILL (AP) — A suburban St. Louis firefighter found unresponsive while on duty has died. Authorities say 46-year-old... More >>
14 hours ago September 27, 2016 Sep 27, 2016 Tuesday, September 27 2016 Tuesday, September 27, 2016 8:23:02 AM CDT in News
ST. LOUIS (AP) — A St. Louis man and his girlfriend are both hospitalized after being attacked by a group... More >>
14 hours ago September 27, 2016 Sep 27, 2016 Tuesday, September 27 2016 Tuesday, September 27, 2016 8:18:44 AM CDT in News
ST. CHARLES (AP) — St. Charles County is joining a St. Louis regional drug monitoring program that seeks to reduce... More >>
14 hours ago September 27, 2016 Sep 27, 2016 Tuesday, September 27 2016 Tuesday, September 27, 2016 8:15:32 AM CDT in News
KANSAS CITY (AP) — Kansas City police are getting ready to begin testing body cameras. WDAF-TV ( http://bit.ly/2d6qtbI )... More >>
14 hours ago September 27, 2016 Sep 27, 2016 Tuesday, September 27 2016 Tuesday, September 27, 2016 8:06:34 AM CDT in News
PECULIAR (AP) — Authorities are investigating a fatal fire in western Missouri. The Cass County Sheriff's Office said in... More >>
14 hours ago September 27, 2016 Sep 27, 2016 Tuesday, September 27 2016 Tuesday, September 27, 2016 8:01:17 AM CDT in News
Columbia, MO
Broken Clouds 65°
11pm 64°
12am 59°
1am 58°
2am 57°

Select a station to view its upcoming schedule:

Coming Up Next

10:35p
The Tonight Show Starring Jimmy Fallon
11:37p
Late Night with Seth Meyers
12:37a
Last Call with Carson Daly
10:30p
The King of Queens
11:00p
Rules of Engagement
11:30p
Rules of Engagement

Tonight's Schedule

7:00p
The Voice
9:00p
This Is Us
7:00p
The Flash
8:00p
MADtv
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld