Tag Archives: Financial Buzz News Weekly

Financial Buzz News Weekly

  

 

The massive selloff has been at the forefront of headlines as investors continued profit-taking. Hardest hit were the so-called momentum stocks – the high flying popular companies like Amazon, Google, Priceline, and Teslar. Biotechnology companies have also ben affected by this. Analysts don’t seem to think this is the end of the Bull market, but rather an adjustment back to stocks with lower prices and better value. A few days ago the Federal Reserve released minutes of their March 19th meeting. Policy makers agreed to drop the unemployment target as a condition for raising rates. There was also a reiteration in the belief that the Federal will remain “very accommodating” in an attempt to keep the recovery on track. Thursday, jobless claims for the week ending April 5, were released at 300,000 a massive 32,000 drop from the prior week.