SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. US markets ended the week on a negative note

US markets ended the week on a negative note

01 Feb 2014 Evaluate

The US markets dropped on Friday, ending the week and month on negative note, which was prompted by disappointing earnings that renewed fears over deflation in the euro zone and a continuing rout in emerging markets. On the economy front, US consumer sentiment dipped slightly in January, with recent economic improvement not translating to expectations for future gains. The final reading on the Thomson Reuters/University of Michigan’s overall index of consumer sentiment slipped to 81.2 in January, down from the 82.5 posted in December but up from the preliminary January reading of 80.4. The Chicago PMI fell in January to a still-strong 59.6 from 60.8 in December, but employment weakened for the second straight month. Separately, the employment cost index, which measures the price of US labor, rose 0.5% in the fourth quarter. Over the past 12 months, employment costs have 2%, up a notch from the third-quarter rate of 1.9%. The ECI is a closely followed gauge that reflects how much companies, governments and nonprofit institutions pay employees in wages and benefits.

Meanwhile, consumers boosted spending in December for the second-straight month, but they had to dip into their savings because of stagnant incomes. Consumer spending rose a seasonally adjusted 0.4% last month. The increase in spending came at a cost. Incomes were flat in December - the result of a slowdown in hiring - so Americans reduced their savings to finance their purchases. The US savings rate dropped to 3.9% from 4.3%, only the second time it’s fallen below 4% since 2009.

The Dow Jones Industrial Average lost 149.76 points or 0.94 percent to 15,698.85, Nasdaq dropped 19.25 points or 0.47 percent to 4,103.88, and the S&P 500 was down by 11.60 points or 0.65 percent to 1,782.59.

Indian ADRs closed in red on Friday; Infosys was down 0.68%, Tata Motors was down by 0.51%, ICICI Bank was down 0.37%, HDFC Bank was down 0.18% and Wipro was down 0.12%.

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×