Market Report: Chipotle Raises Prices as Stock Rebound

3 years 2 months 5 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
JEFFERSON CITY - The congregation at the First Church of God in Jefferson City was treated to a unique experience... More >>
2 hours ago June 25, 2017 Jun 25, 2017 Sunday, June 25 2017 Sunday, June 25, 2017 4:59:00 PM CDT in News
JEFFERSON CITY, Mo. (AP) — The number of Missouri House races lacking major-party opposition has been on the rise. ... More >>
2 hours ago June 25, 2017 Jun 25, 2017 Sunday, June 25 2017 Sunday, June 25, 2017 4:47:00 PM CDT in News
JEFFERSON CITY - A domestic dispute ended with gunshots Saturday night after the Jefferson City Police responded to a weapons... More >>
5 hours ago June 25, 2017 Jun 25, 2017 Sunday, June 25 2017 Sunday, June 25, 2017 1:53:00 PM CDT in News
ST. JOESPH, Mo. (AP) — Missouri Western State University is closing the oldest residence hall on campus. The St.... More >>
6 hours ago June 25, 2017 Jun 25, 2017 Sunday, June 25 2017 Sunday, June 25, 2017 12:48:00 PM CDT in News
ST. JOSEPH, Mo. (AP) — A northwestern Missouri boy with a rare genetic disorder has fulfilled his dream of being... More >>
6 hours ago June 25, 2017 Jun 25, 2017 Sunday, June 25 2017 Sunday, June 25, 2017 12:40:00 PM CDT in News
COLUMBIA – The Strengthening and Conditioning Factory is hosting a fundraiser for the Children’s Miracle Network on Sunday. The... More >>
13 hours ago June 25, 2017 Jun 25, 2017 Sunday, June 25 2017 Sunday, June 25, 2017 6:11:00 AM CDT in News
COLUMBIA - Four people made it out safely of a house on Rosemary Lane in Columbia Saturday morning after a... More >>
23 hours ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 7:41:00 PM CDT in News
COLUMBIA - Columbia Police responded to shots heard at the 800 block of Spencer Avenue on Saturday just before 5:00... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 5:53:00 PM CDT in News
JEFFERSON CITY - Cheerleaders rolled up their sleeves and got dirty while washing cars Saturday as athletes at Capitol City... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 3:51:00 PM CDT in News
FULTON - A man was taken into custody and charged Friday night after leading authorities on a chase through the... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 3:51:00 PM CDT in News
COLUMBIA - Members of the Central Missouri Radio Association are inviting mid-Missourians to participate in the National Amateur Radio Field... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 3:48:00 PM CDT in News
COLUMBIA – Aspen Dental provided veterans with free services in mid-Missouri and across the U.S. Saturday for the Aspen Day... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 2:29:00 PM CDT in News
JEFFERSON CITY, Mo. (AP) — Some GOP state lawmakers want to give the Missouri attorney general authority to prosecute violations... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 1:21:00 PM CDT in News
ST. LOUIS (AP) — A St. Louis judge has pushed back until Jan. 8 the retrial of a man accused... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 12:59:00 PM CDT in News
ST. LOUIS (AP) — St. Louis County police are investigating the case of a toddler who died after the vehicle... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 12:47:00 PM CDT in News
ST. LOUIS (AP) — St. Louis police are searching for a man now accused of killing a couple and another... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 12:42:00 PM CDT in News
CALLAWAY COUNTY - Callaway County Sheriff’s Office deputies responded to an initial 911 call Saturday morning reporting an airplane flying... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 11:43:00 AM CDT in News
JEFFERSON CITY— The Sam B. Cook Healthplex hosted the 5th Annual Sweatin' to Make a Difference on Saturday. The... More >>
1 day ago June 24, 2017 Jun 24, 2017 Saturday, June 24 2017 Saturday, June 24, 2017 11:40:00 AM CDT in News
Columbia, MO
Broken Clouds 73°
8pm 71°
9pm 67°
10pm 65°
11pm 62°

Select a station to view its upcoming schedule:

Coming Up Next

7:00p
Despicable Me
9:00p
Little Big Shots: Forever Young
10:00p
KOMU 8 News @ 10
6:00p
Road House
8:00p
Marvel's Agents of S.H.I.E.L.D.
9:00p
KOMU 8 News @ Nine on The CW

Tonight's Schedule

7:00p
Despicable Me
9:00p
Little Big Shots: Forever Young
6:00p
Road House
8:00p
Marvel's Agents of S.H.I.E.L.D.
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld