Skip to main content

Today's Stock Market News Led by Keystone Pipeline, AMZN, and Geopolitical Concerns By Garrett Baldwin

Stock market news today, August 11, 2014: The DJIA and other U.S. markets soared on Friday after positive economic data indicated fundamental growth in the domestic economy. According to reports, American workers were highly productive in the second quarter, while labor costs were on the rise. The news is a welcome change from the slew of negative data that rocked the first quarter. The post Today's Stock Market News Led by Keystone Pipeline, AMZN, and Geopolitical Concerns appeared first on Money Morning - Only the News You Can Profit From .

Stock market news today, August 11, 2014: The DJIA and other U.S. markets soared on Friday after positive economic data indicated fundamental growth in the domestic economy. According to reports, American workers were highly productive in the second quarter, while labor costs were on the rise. The news is a welcome change from the slew of negative data that rocked the first quarter.

The production rise offset continued concerns about escalating geopolitical concerns in Ukraine and news that U.S. forces have been authorized by the president to bomb regions of Iraq held by ISIS militants.

Here's all the stock market news to follow this Monday morning:

  • Geopolitical Standstill: As pronounced problems continue across multiple regions of the world, there is renewed hope for peace between Israel and Hamas. The two sides have agreed to another 72-hour ceasefire, as negotiations will continue to stymy an ugly war in Gaza.
  • Keystone Pipeline: An environmental think-tank has issued a sobering report on the social and economic impact of the Keystone Pipeline, should it be approved. The Stockholm Environment Institute, based in Seattle, reports that the pipeline would drive down gasoline prices and boost consumption of gasoline, which would drive up carbon emissions. The result, according to the report, is that emissions would be four times worse than previously estimated by other reports.
  • stock market newsBattling It Out: In a highly publicized battle over prices, e-commerce giant Amazon.com Inc. (Nasdaq: AMZN) has blocked preorders of several DVDs and films produced by The Walt Disney Co. (NYSE: DIS). Amazon is attempting to squeeze every dollar possible out of its suppliers in an attempt to boost its bottom line. The company is currently in a battle with more than 900 authors over the cost structure of Amazon's online sales. Over the weekend, these authors signed a letter printed in The New York Times to protest Amazon's price practices.
  • All Together Now: Shares of Kinder Morgan Inc. (NYSE: KMI) were up more than 17% in premarket hours after the firm announced over the weekend that it would merge all of its publicly traded assets under one roof. The plan will require a consolidation priced at roughly $70 billion, including the assumption of roughly $27 in debt.
  • Fraud: Former Microsoft Corp. (Nasdaq: MSFT) employee Brian Jorgenson has pleaded guilty to securities fraud and received a two-year prison sentence. Jorgenson was convicted for insider trading after he provided a colleague with inside information on company news. The colleague used the non-public information to trade stocks and options.
  • Earnings Reports: Stay tuned for earnings reports from The Priceline Group Inc. (Nasdaq: PCLN), Sysco Corp. (NYSE: SYY), MannKind Corp. (Nasdaq: MNKD), Hawaiian Electric Industries Inc. (NYSE: HE), EV Energy Partners L.P. (Nasdaq: EVEP), Bitauto Holdings Ltd. (NYSE: BITA), and Dean Foods Co. (NYSE: DF)
  • Today's Economic Calendar: Today's schedule features Nonfarm business productivity and cost figures and a report on U.S. wholesale trade.

Full U.S. Economic Calendar August 11, 2014

  • 4-Week Bill Announcement at 11 a.m.
  • 3-Month Bill Auction at 11:30 a.m.
  • 6-Month Bill Auction at 11:30 a.m.

Now: Mainland China has leapfrogged the United States to become the biggest e-commerce market on Earth. And we've found a simple way for you to start profiting from this lucrative market...

Tags: , , , , , , , , , , , , ,

The post Today's Stock Market News Led by Keystone Pipeline, AMZN, and Geopolitical Concerns appeared first on Money Morning - Only the News You Can Profit From.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.