Market Report: Chipotle Raises Prices as Stock Rebound

2 years 4 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
COLUMBIA - The University of Missouri held a campus-wide public forum today to discuss new recommendations on how public spaces... More >>
4 hours ago August 30, 2016 Aug 30, 2016 Tuesday, August 30 2016 Tuesday, August 30, 2016 6:59:00 PM CDT in News
COLUMBIA - A constitutional amendment on the November ballot would ban state and local governments from putting a new sales... More >>
5 hours ago August 30, 2016 Aug 30, 2016 Tuesday, August 30 2016 Tuesday, August 30, 2016 6:02:00 PM CDT in News
JEFFERSON CITY - The state auditor is urging the legislature to look into a loophole in Higher Education Student Funding... More >>
5 hours ago August 30, 2016 Aug 30, 2016 Tuesday, August 30 2016 Tuesday, August 30, 2016 5:41:00 PM CDT in News
COLUMBIA - The Boone County Commission voted Tuesday night, on a bond project that could create more than one hundred... More >>
6 hours ago August 30, 2016 Aug 30, 2016 Tuesday, August 30 2016 Tuesday, August 30, 2016 4:52:00 PM CDT in News
SPRINGFIELD, Mo. (AP) — Missouri has seen an increase in the number of workers killed while on the job. ... More >>
7 hours ago August 30, 2016 Aug 30, 2016 Tuesday, August 30 2016 Tuesday, August 30, 2016 4:17:52 PM CDT in News
COLUMBIA - A national medical organization issued recommendations Monday for pediatricians to potentially refuse to treat patients in order to... More >>
7 hours ago August 30, 2016 Aug 30, 2016 Tuesday, August 30 2016 Tuesday, August 30, 2016 4:13:00 PM CDT in News
OSAGE BEACH -Two men were arrested after shots were fired from a truck Monday night on U.S. Highway 54 in... More >>
7 hours ago August 30, 2016 Aug 30, 2016 Tuesday, August 30 2016 Tuesday, August 30, 2016 4:13:00 PM CDT in News
COLUMBIA – Downtown Columbia will have more trees in the future due to the Really Big Tree Project. The... More >>
7 hours ago August 30, 2016 Aug 30, 2016 Tuesday, August 30 2016 Tuesday, August 30, 2016 3:53:00 PM CDT in News
JEFFERSON CITY - Small businesses are increasingly prone to cyber security attacks. A summit in Jefferson City Tuesday was designed... More >>
7 hours ago August 30, 2016 Aug 30, 2016 Tuesday, August 30 2016 Tuesday, August 30, 2016 3:33:00 PM CDT in News
COLUMBIA – A shooting in Columbia left one man in the hospital and three schools on lockdown Tuesday afternoon. ... More >>
7 hours ago August 30, 2016 Aug 30, 2016 Tuesday, August 30 2016 Tuesday, August 30, 2016 3:27:00 PM CDT in News
JEFFERSON CITY, Mo. (AP) — Some Missouri residents who were adopted can now obtain their birth certificates after state law... More >>
7 hours ago August 30, 2016 Aug 30, 2016 Tuesday, August 30 2016 Tuesday, August 30, 2016 3:24:48 PM CDT in News
JEFFERSON CITY - Data released by the Missouri Hospital Association shows there is a health care work force shortage. According... More >>
8 hours ago August 30, 2016 Aug 30, 2016 Tuesday, August 30 2016 Tuesday, August 30, 2016 2:41:00 PM CDT in News
ST. LOUIS (AP) — A St. Louis man is accused of trying to burn down a gas station after being... More >>
10 hours ago August 30, 2016 Aug 30, 2016 Tuesday, August 30 2016 Tuesday, August 30, 2016 1:10:48 PM CDT in News
JEFFERSON CITY (AP) — A Missouri audit says less money from the state has meant students and families are shouldering... More >>
12 hours ago August 30, 2016 Aug 30, 2016 Tuesday, August 30 2016 Tuesday, August 30, 2016 10:24:35 AM CDT in News
CARTHAGE (AP) — A southwest Missouri man has been sentenced to seven years in prison for failing to prevent the... More >>
13 hours ago August 30, 2016 Aug 30, 2016 Tuesday, August 30 2016 Tuesday, August 30, 2016 10:11:14 AM CDT in News
ST. LOUIS — Building inspectors are taking a close look at a downtown St. Louis structure after a large chunk... More >>
14 hours ago August 30, 2016 Aug 30, 2016 Tuesday, August 30 2016 Tuesday, August 30, 2016 9:10:11 AM CDT in News
SIKESTON - The Missouri State Highway Patrol issued an endangered person advisory for a 14-year-old girl who was last seen... More >>
1 day ago August 29, 2016 Aug 29, 2016 Monday, August 29 2016 Monday, August 29, 2016 9:21:00 PM CDT in News
COLUMBIA - Speed limits along Providence Road may soon change, depending on the results of MoDOT’s upcoming speed study. ... More >>
1 day ago August 29, 2016 Aug 29, 2016 Monday, August 29 2016 Monday, August 29, 2016 8:30:00 PM CDT in News
Columbia, MO
Broken Clouds 71°
12am 72°
1am 71°
2am 71°
3am 71°

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
11:00p
Raising Hope
11:30p
Community
12:00a
Community

Tonight's Schedule

7:00p
America's Got Talent
9:00p
Better Late Than Never
7:00p
The Flash
8:00p
MADtv
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld