Market Report: Healthcare Enrollments and Wal-Mart Holiday Sales

4 years 11 months 21 hours ago Sunday, November 17 2013 Nov 17, 2013 Sunday, November 17, 2013 3:04:00 PM CST November 17, 2013 in News
By: William Joy, KOMU 8 Reporter
loading

COLUMBIA - Another week of strong earnings reports led to record highs on Wall Street.

The Dow Jones Industrial Average closed at a record high of 15,961.70 Friday, pushed up by Exxon, to finish up 1.27 percent for the week. The NASDAQ finished up 1.7 percent for the week to close at 3,985.97, and strong performance from energy and materials stocks pushed the S&P 500 up to a new high this week. The index closed up 27 points to finish at 1,798.18.

The Department of Health and Human Services unveiled disappointing healthcare enrollment numbers this week. Only 106,185 Americans have enrolled in the program, which is only 1.5 percent of what the budget office had projected for 2014. The state exchanges had better luck than the troubled federal site, with 75 percent signing up on state sites. In Missouri, only 751 total people have signed up using the federal exchange. The White House said the federal site is expected to be fixed and running smoothly by Nov. 30.

Holiday shopping is expected to be less this year than in 2012. A Gallup Poll shows the average American plans to spend $704 this holiday season on shopping. That's down from last year when consumers said they planned to spend $786 dollars, and down even more from 2010 and 2011. The good news for retailers, though, is that in past years, people have spent more than they anticipated.

On Wednesday, October retail sales numbers come out, and existing home sale numbers come out that same day. With rising mortgage rates, that'll help show the strength of the housing market, and everyone is watching the Fed closely to see when tapering might begin. The minutes from their meeting are released Wednesday as well.

One last note, Wal-Mart announced this week that they'll be joining the long list of retailers opening on Thanksgiving Day this year, and open their stores at 6 pm, and Sears and K-Mart have announced online Black Friday sales will start a full week early for Sears and five days early for K-Mart but those sales are only for members.

 

More News

Grid
List
FLORISSANT (AP) — Authorities have arrested a suburban St. Louis student after finding a loaded gun and a razor inside... More >>
7 minutes ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 7:46:15 AM CDT October 19, 2018 in News
ST. CHARLES, Mo. (AP) — A Missouri man has been sentenced to life in prison in the 1984 beating death... More >>
43 minutes ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 7:10:16 AM CDT October 19, 2018 in News
KANSAS CITY, Mo. (AP) — A Kansas City doctor has been sentenced to a year in federal prison for his... More >>
1 hour ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 6:51:00 AM CDT October 19, 2018 in News
ST. LOUIS - Democratic Sen. Claire McCaskill and Republican opponent Josh Hawley were sometimes heated and often derisive as they... More >>
10 hours ago Thursday, October 18 2018 Oct 18, 2018 Thursday, October 18, 2018 9:02:00 PM CDT October 18, 2018 in News
COLUMBIA - The Columbia Chamber of Commerce will debut its plans to install a Hispanic Chamber of Commerce Friday at... More >>
11 hours ago Thursday, October 18 2018 Oct 18, 2018 Thursday, October 18, 2018 8:16:00 PM CDT October 18, 2018 in News
COLUMBIA - Issues like Proposition D, Vision Zero and more were discussed at Thursday night's Transportation Committee Meeting in Columbia.... More >>
12 hours ago Thursday, October 18 2018 Oct 18, 2018 Thursday, October 18, 2018 7:31:00 PM CDT October 18, 2018 in News
MEXICO - October is domestic violence awareness month and businesses across Mexico are showing their support for survivors by decorating... More >>
13 hours ago Thursday, October 18 2018 Oct 18, 2018 Thursday, October 18, 2018 6:02:00 PM CDT October 18, 2018 in News
ST. LOUIS - Democratic Sen. Claire McCaskill and her Republican opponent, Josh Hawley, are hoping for a debate win tonight... More >>
14 hours ago Thursday, October 18 2018 Oct 18, 2018 Thursday, October 18, 2018 5:43:00 PM CDT October 18, 2018 in News
KANSAS CITY, Kan. — The Latest on the trial of two maintenance workers charged with misleading investigators after a 10-year-old... More >>
14 hours ago Thursday, October 18 2018 Oct 18, 2018 Thursday, October 18, 2018 5:09:00 PM CDT October 18, 2018 in News
COLUMBIA - Hundreds of people gathered for the grand opening of CenterPointe Hospital on International Drive Thursday. Governor Mike... More >>
16 hours ago Thursday, October 18 2018 Oct 18, 2018 Thursday, October 18, 2018 3:42:00 PM CDT October 18, 2018 in News
JEFFERSON CITY - The influence of lower prices and convenience are affecting the way millennials approach primary care, according to... More >>
16 hours ago Thursday, October 18 2018 Oct 18, 2018 Thursday, October 18, 2018 3:38:00 PM CDT October 18, 2018 in News
COLUMBIA - MU honored Dr. George Smith, the first Nobel Prize winner in university history, with a reserved space to... More >>
16 hours ago Thursday, October 18 2018 Oct 18, 2018 Thursday, October 18, 2018 3:30:00 PM CDT October 18, 2018 in News
MOBERLY - Police arrested a man Wednesday after a search warrant led to finding five gallon-sized bags of marijuana. ... More >>
16 hours ago Thursday, October 18 2018 Oct 18, 2018 Thursday, October 18, 2018 3:08:00 PM CDT October 18, 2018 in News
COLUMBIA - State House of Representative candidates talked public transportation and education, amongst other things, at a disability issues forum... More >>
17 hours ago Thursday, October 18 2018 Oct 18, 2018 Thursday, October 18, 2018 2:00:00 PM CDT October 18, 2018 in News
COLUMBIA - Officers have arrested one man after a home invasion Wednesday night, but are still looking for a second... More >>
17 hours ago Thursday, October 18 2018 Oct 18, 2018 Thursday, October 18, 2018 1:58:00 PM CDT October 18, 2018 in News
KANSAS CITY, Kan. (AP) — Jurors on Thursday began deliberating the case of two Kansas water park maintenance workers accused... More >>
19 hours ago Thursday, October 18 2018 Oct 18, 2018 Thursday, October 18, 2018 12:39:00 PM CDT October 18, 2018 in News
KANSAS CITY, Mo. (AP) — Authorities say a man who was in a wheelchair has been found dead in a... More >>
21 hours ago Thursday, October 18 2018 Oct 18, 2018 Thursday, October 18, 2018 10:52:34 AM CDT October 18, 2018 in News
ST. LOUIS (AP) — Authorities say a St. Louis police officer has shot and wounded a suspect during a struggle... More >>
21 hours ago Thursday, October 18 2018 Oct 18, 2018 Thursday, October 18, 2018 10:48:28 AM CDT October 18, 2018 in News
Columbia, MO
Broken Clouds 50°
8am 48°
9am 48°
10am 50°
11am 51°