NEW YORK Deryk Engelland Jersey , March 27 (Xinhua) -- U.S. stocks posted modest gains Friday, with all the three major indices snapping their four-day losing streaks, as investors were digesting the final revision to the fourth quarter real gross domestic product (GDP).
The Dow Jones Industrial Average added 34.43 points, or 0.19 percent, to 17,712.66. The S&P 500 rose 4.87 points, or 0.24 percent Marc-Andre Fleury Jersey , to 2,061.02. The Nasdaq Composite Index increased 27.86 points, or 0.57 percent, to 4,891.22.
The U.S. economy expanded at an annual rate of 2.2 percent in the fourth quarter of 2014, unchanged from the second estimate released last month, the U.S. Commerce Department announced Friday.
The GDP growth stays unrevised due to the larger-than-expected increases in exports and personal consumption expenditures and smaller-than-estimated change in private inventories James Neal Jersey , according to the report.
U.S. quarterly corporate profits over the same period fell for the first time since 2008. Profits from current production decreased 30.4 billion U.S. dollars in the fourth quarter of 2014, in contrast to an increase of 64.5 billion dollars in the third quarter.
"The relative weakness in Q4 has carried over to the first quarter of this year, with the Atlanta Fed's GDP tracker currently projecting a 0.2 percent GDP growth for Q1 2015. It is crucial to see whether Q1 weakness will prove 'transitory' as it did in 2014 or if the slowdown influences business investment and hiring in the second quarter," said Jay Morelock, an economist at FTN Financial, in a note.
U.S. consumer sentiment rebounded in late March. The final Thomson ReutersUniversity of Michigan's consumer sentiment index ended March at 93.0, up 1.8 points from mid-month March of 91.2.
Shortly before closing bell on Friday Vegas Golden Knights Jersey , Federal Reserve Chair Janet Yellen said on a conference sponsored by the San Francisco Fed, continued improvement in the U.S. economy means a rate hike could come later this year. But Yellen stressed that any rate increases would likely be very gradual.
Analysts said it seems like anytime Yellen talks the market wants to go up.
Despite Friday's modest gains, U.S. equities suffered big losses for the week with the Dow, the S&P 500 and the Nasdaq falling 2.3 percent, 2.2 percent and 2.7 percent, respectively.
The CBOE Volatility Index, often referred to as Wall Street's fear gauge Tomas Tatar Golden Knights Jersey , decreased 4.62 percent to end at 15.07 Friday.
In other markets, crude prices retreated as investors took profit from prior day's heavy gains. Light, sweet crude for May delivery lost 2.56 dollars to settle at 48.87 dollars a barrel on the New York Mercantile Exchange.
The dollar went down against most major currencies. In late New York trading, the euro rose to 1.0899 dollars from 1.0872 dollars in the previous session, while the dollar bought 119.10 Japanese yen, lower than 119.24 yen of the previous session.
Gold futures on the COMEX division of the New York Mercantile Exchange snapped its seven-session winning streak as investors took profit from recent gains. The most active gold contract for April delivery lost 5 U.S. dollars, or 0.42 percent Alex Tuch Golden Knights Jersey , to settle at 1,199.80 dollars per ounce.
Know About Different Types of Construction Insurance Published: 14.07.2010 | Author: jhonwilliamsd | Category: Insurance
Construction insurance indemnifies construction company owners and contractors against any theft, loss, or damage to the construction site, materials, or equipments, and from third party compensation litigations. As construction sites are vulnerable to workplace accidents Nate Schmidt Golden Knights Jersey , damage, thefts, and injuries to workers, construction insurance provides a comprehensive coverage against various construction industry related problems. Construction insurance encompasses a range of construction related insurance packages to cover various trades involved in construction industry.
Builders Risk Insurance Builders risk insurance provides protection to builders, contractors, and construction company owners in case of loss, theft Jonathan Marchessault Golden Knights Jersey , or damage to materials, structure, equipments when the project is under construction. The builder, contractors, and construction company owners can reimburse the cost of damage. The builders risk insurance can cover new construction projects or remodeling projects. The owner or contractor building the project can take this insurance to ensure that the interests of all those like sub-contractors, equipment owners etc involved in the project are covered. Builders risk insurance is project specific and is given along with contractor鈥檚 general liability insurance.
Commercial General Liability Insurance Commercial general liability insurance provides coverage to builders against compensation claims made by third parties for property damage or physical injury during the course of construction. It is essential to have commercial general liability insurance as compensation claims can have a drastic impact on the businesses. This insurance also provides coverage for the legal expenses incurred to defend the suits. In case, the builder is held legally responsible Brad Hunt Golden Knights Jersey , the coverage will pay for the compensation amount. It also provides coverage for minor medical expenses due to physical injury to third party.
Workers Compensation Workers compensation insurance provides coverage to the workers or employees working for the builder in case of injuries, death, or contracting diseases during their course of employment. Workers compensation insurance ensures that the employees get duly compensated and the employers do not get sued. This insurance covers the entire cost of medical treatment, disability income, cost towards rehabilitation, and compensation to be paid to the kins of deceased employee. As compensation claims filed by employees for work related injury or illnesses can significantly impact the business, the worker. Cheap JerseysCheap Jerseys ChinaCheap Jerseys OnlineCheap NFL Jerseys China OnlineCheap Womens NCAA JerseysCheap Womens MLB JerseysWholesale Soccer HatsWholesale JerseysWholesale ShirtsWholesale Shirts