Client Login

Pence Wealth Management Financial Markets Reports


  • U.S. stocks fluctuated at the open following the worst week since 2012 for benchmark indexes as Caterpillar led industrial shares higher after better-than-estimated results while technology and shares led declines.
  • Caterpillar posted a stronger-than-expected quarterly profit as the company aggressively cut costs to offset continued sluggish sales of its earth-moving equipment. Fourth-quarter profit was $1 billion, up from $697 million a year earlier. Revenue fell 10 % to $14.4 billion.
  • AT&T has ruled out a bid for Britain’s Vodafone for now. AT&T sparked speculation in October that it could be interested in a potentially 70 billion pound-plus ($115 billion) deal for Vodafone.
  • Google said on Sunday it had agreed to acquire privately held artificial intelligence company DeepMind Technologies. Technology news website Re/code, which reported news of the deal earlier, said the price was $400 million, without disclosing where it got the information.
  • Samsung will pay Ericsson $650 million along with years of royalties to end a technology license spat, the Swedish company said on Monday.
  • LG, the world’s second-largest maker of televisions, posted an unexpected loss as a stronger South Korean won curbed the value of overseas sales and the company boosted promotion of the G2 smartphone.
  • Karl Slym, a British citizen, managing director of India’s biggest automaker Tata Motors, died after falling from a hotel room in Bangkok in what police said on Monday may have been suicide.
  • U.S. aviation regulators plan to order safety checks of more than 400 Boeing 767 jets because of movable tail sections that may jam and possibly cause some pilots to lose control of the aircraft, according to a report in The Wall Street Journal on Sunday.
  • Starbucks is slowly adding a shot of banking to its grande coffee empire. As customers pour money into its gift cards and its mobile-payment app, the Seattle-based company is booking a tidy profit simply by holding onto customers’ cash. Starbucks reported yesterday that its customers added $1.4 billion to its payment platforms in the past quarter.


  • Sales of new U.S. single-family homes fell 7.0 % to a seasonally adjusted annual rate of 414,000 units in December. Economists had expected a 457,000-unit pace in December. The second straight month of declines in sales was likely payback after October’s outsized 14.9 % increase and may have reflected some drag from cold weather that blanketed most parts of the country last month.


  • German business confidence rose to the highest level in more than two years and beat economists’ forecasts.
  • Japanese exports rose 15.3 % in December but imports outpaced shipments due to a weak yen and subsequent higher fuel import costs, resulting in a record trade deficit for 2013. The country’s trade balance stood at a deficit of 1.3 trillion yen ($12.7 billion) in December.
  • India lifted a landing ban on Airbus A380s on Monday, enabling carriers such as Singapore Airlines and Emirates to fly their superjumbos into the world’s second-most populous nation. The ban on A380s was imposed due to concerns that foreign airlines could grab a high share of international traffic, hurting state-run Air India.
  • Indonesian budget airline Lion Air said on Monday it planned to cancel an order for five Boeing 787 aircraft and replace them with smaller 737 models.


  • Thomas Edison was granted a patent for his incandescent light (1880)
  • The Apollo I fire killed astronauts Grissom, White, and Chaffee during a simulated launch at Cape Canaveral (1967)

Sources: Reuters, Yahoo Finance, Google Finance, Bloomberg, CNN Money.

This information has been prepared from sources believed to be reliable, but no representation is being made as to its accuracy or completeness. The information provided should be used only as general information and is not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in the material may not develop as predicted. All indices, such as the S & P 500, are unmanaged and may not be invested into directly. 

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Print this pageEmail this to someoneShare on Reddit
Comments are closed.

All Financial Consultants at Pence Wealth Management are Registered Representatives with, and securities and Advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA & SIPC. Financial Planning offered through Pence Wealth Management, a Registered Investment Advisor and separate entity from LPL Financial. The LPL Financial representative associated with this website may only discuss and/or transact securities business with residents of the following states: Alaska (AK), Alabama (AL), Arkansas (AR), Arizona (AZ), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Kansas (KS), Kentucky (KY), Louisiana (LA), Massachusetts (MA), Michigan (MI), Minnesota (MN), Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV),

New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Texas (TX), Utah (UT), Virginia (VA), Washington (WA), Wyoming (WY), Washington (DC)

Laila Marshall-Pence CA Insurance Lic# 0545421