2014-04-01 06:26:00 by NW Quadrant Wealth Management
US Stock indexes traded higher yesterday the last day of the 1st quarter. The S&P 500 gained .7% in the 1st quarter that marks the 5th straight quarter of gains for that index. This morning markets have opened higher.
General Motors added another 1.3mm vehicles to their growing recall list. The problem this time is the power steering on seven models made between 2004 and 2010. GM said the seven models could experience a sudden loss of power steering. Shares of GM are trading lower on that news at $34/share.
Chrysler sold 194k vehicles in March, up 13% from a year ago. That's the best March result since 2007 and the 48th straight month of year-over-year sales gains, the car company said. Chryslers Jeep brand saw a 47% year over year increase. The company sold more jeeps than they ever have in 1 month.
Federal Reserve Chair Janet Yellen gave a speech yesterday that was very well received by the markets. Yellen said the Fed's extraordinary commitment in the form of bond buying and a zero interest rate policy are still very much needed and will be for some time to come. That quote sent global stock markets shooting higher.
Microsoft's Office apps for the Apple iPad appear to be off to a great start. The Microsoft Office 365 suite is the most downloaded app on Apple hardware. That is great news for Microsoft as they have been trying to get their apps on Apple tablets for years. Microsoft's shares have rallied sharply as of late and are up over 9% in 2014 alone trading at $41/share.