Today marks six years since the 2009 stock market crash bottom. If you bolted from a well-diversified portfolio then you sold low and bought higher missing some spectacular returns. Since March 9, 2009 when the S&P hit 666, the S&P 500 has added more than 206% percent and the NASDAQ has gained more than 288%. (AP)
Those ‘golden arches’ seem to have lost their shine. McDonald's reported February global and U.S. sales that were much weaker than analysts expected. Global comparable-store sales fell 1.7%, and U.S. comparables fell 4.0%. European same-store sales rose 0.7% percent, as positive performance in the U.K. and Germany was partly offset by negative results in Russia. (CNBC)
Grocery chain Haggen will take ownership of the Albertsons stores in Bend in May. The stores will close down early one evening and Haggen will take ownership of the store at midnight and begin the conversion. Both interior and exterior signage will change the store interior will receive a fresh coat of paint. Then two days after the closure, the store will opens as Haggen. (supermarketnews.com)
The S&P 500 is up 3 and the NASDAQ is up 12. The MSCI International Index was down 0.12% on Friday.
Oil is down 12 cents at $49.49 a barrel. Gasoline is up 21 cents in the past two weeks on the back of refinery strikes and capacity constraints. Prices bottomed out January 23rd, but they're still nearly $1 lower than a year ago. (Reuters)
Gold is up $8 at $1173 a Troy ounce. Gold suffered its biggest single-session drop on Friday since December 2013.