Reuters - Video

EDITION: U.S. | U.K. | IN

Video

S&P 500 moving back towards record

Friday, Feb 14, 2014 - 02:14

Feb 14 - Summary: The S&P 500 rallies to less than a percent away from record highs; Slowdown in industrial production blamed on weather; Consumer sentiment stalls; Under Armour slips on Olympic controversy. Conway G. Gittens reports.

▲ Hide Transcript

View Transcript

The S&P 500 clocks in its first two-week winning streak of the year, bringing the benchmark less than one percent away from an all-time high. Keith Bliss is senior vice president at Cuttone. SOUNDBITE: KEITH BLISS, SENIOR VICE PRESIDENT, DIRECTOR OF SALES AND MARKETING AT CUTTONE & CO (ENGLISH) SPEAKING: "While we got some bad economic data today, the companies are still performing pretty well from the fourth quarter earnings reports, so it wouldn't surprise me a bit if we see an all time high in the S&P within the next two weeks. That's where we think the market is gonna go right now." The Dow tacked on 126 points, The S&P 500 rallied 8. And the Nasdaq is up seven consecutive sessions. For the week, the Dow jumped 2.3 percent and the Nasdaq roared ahead by 2.8 percent. Wall Street overlooked a report showing industrial production at its lowest since the recession. Some investors are willing to bet the surprise slowdown was mostly related to this harsh winter. Investors also looked past no change in consumer sentiment. The preliminary February reading of the Thomson Reuters/University of Michigan index showing Americans just as worried about their finances as they were in January. In company news... Men's clothing retailer Jos. A. Bank is shelling out $825 million for outdoor apparel maker Eddie Bauer. The deal is seen as Jos. A. Bank's attempt to block a long-running takeover attempt by Men's Wearhouse. Shares of Jos. A. Bank inched higher, while Men's Wearhouse fell over 5 percent. Olympic Gold Medalist Shani Davis and fellow members of the American speed skating team may ditch their suits made by Under Armour. According to the Wall Street Journal, sources from the U.S. team are blaming the suit for a disastrous performance so far at the Sochi Olympics. Responding to the report, the Executive Director of the U.S. team says evidence suggests that suits are not the problem. Nevertheless, shares of Under Armour are down more than 2 percent. New York Fashion Week comes to a close with Ralph Lauren. He's extending his Americana look with his first-ever Polo collection for women. Shares of the Fashion brand - up for the day. In Europe, news that Italy is getting a new prime minister lifted stocks, further helped by good economic data from Germany and France.

S&P 500 moving back towards record

Friday, Feb 14, 2014 - 02:14

Top News »

Money »

Finding meaning in the S&P 500 2000 mark Finding meaning in the S&P 500 2000 mark

Mon, Aug 25, 2014 - (2:35)

S&P falls back from record high S&P falls back from record high

Fri, Aug 22, 2014 - (1:35)

S&P 500 closes at new high S&P 500 closes at new high

Thu, Aug 21, 2014 - (1:24)

S&P 500 just shy of record S&P 500 just shy of record

Wed, Aug 20, 2014 - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

Dow back to positive territory for year Dow back to positive territory for year

Wed, Aug 13, 2014 - (2:18)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)