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 gain reversing post-Fed losses

US markets gain reversing post-Fed losses

21 Mar 2014 Evaluate

The US markets edged higher on Thursday, after upbeat data from Philadelphia Fed showing a rebound in manufacturing in March boosted confidence. Investors are digesting the outcome of the Federal Reserve’s policy meeting. On the economy front, a reading of manufacturing sentiment in the Philadelphia area rebounded in March after a sharp drop in the prior month, suggesting that the impact of severe winter weather on the economy may be temporary. The Philadelphia Fed’s manufacturing index jumped to a reading of 9.0 in March from a negative 6.3 reading in February. The gain in the index in March retraces almost all the decline in February, bringing it very close to January’s reading of 9.4. The Conference Board’s leading economic index rose 0.5% in February, after a 0.1% rise in January and a 0.1% decline in December. The US LEI increased sharply in February, suggesting that any weather-related volatility will be short lived and the economy should continue to improve into the second half of the year.

On the other hand, initial jobless claims climbed by 5,000 to a seasonally adjusted 320,000 in the period of March 9 to March 15. The average of new claims over the past month, usually a more reliable gauge than the weekly number, dipped 3,500 to 327,000, marking the lowest level since the end of November. Besides, hurt by rising mortgage rates and prices, the sales pace of existing homes continued to slide last month, hitting the slowest rate since July 2012. The sales of existing homes ticked down 0.4% in February to a seasonally adjusted annual rate of 4.6 million. 

The Dow Jones Industrial Average added 108.88 points or 0.67 percent, to 16,331.05, the Nasdaq Composite was up by 11.69 points or 0.27 percent, to 4,319.29, while the S&P 500 gained 11.24 points or 0.60 percent, to close at 1,872.01.

The Indian ADRs closed mostly in red on Thursday; ICICI Bank was down 0.54%, Dr. Reddy’s Lab was down 0.33% and Wipro was down 0.01%. On the other hand, Infosys was up 0.78% and Tata Motors was up by 0.40%.

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:

×