cheap real ugg boots uk January finishes on a weak note
stock market capped a rough month Friday, delivering its third loss in five days and extending its declines for the year.
All told, the Standard Poor’s 500 index fell 3 percent in January, its worst monthly performance in a year. economy continued to show signs of strength, energy companies suffered from a sharp drop in oil prices and some big multinational companies saw their earnings dinged by a stronger dollar. economic growth and how further strength in the dollar could dent corporate profits.
“The real issue still is the confusion, the uncertainty around the speed of decline in oil prices and what that means, and the rise in the dollar and what that means for earnings,” said Bob Doll, chief equity strategist at Nuveen Asset Management. market opened, the government said that the economy grew 2.6 percent in the last quarter of 2014, as weaker government and business spending held growth back. The decline was unexpected and down from a gain of 4.6 percent in the second quarter and 5 percent in the third quarter. economy. Consumer spending surged in the final three months of 2014. The Labor Department reported that wages and benefits rose last year by 2.2 percent, the biggest calendar year increase since 2008.
Investors also sifted through the latest batch of corporate earnings news, and the results were mixed.
Several companies didn’t fare as well, including Ugg footwear maker Deckers Outdoor and the parent of Hawaiian Airlines, which offered discouraging outlooks.