Under Pressure

Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.

With investors concerned about rising energy prices and a slowing economy, stocks were under pressure all week. The Department of Commerce reported that durable-goods orders fell 10.2 percent in January, more than the expected 0.2 percent. The Dow closed last week lower, losing 56.63 points to close at 11,061.85, down 0.5 percent. The Nasdaq ended the week slightly higher at 2,287.04, increasing 3.52 points, or 0.2 percent. Ad stocks finished the week mixed. Omnicom closed relatively flat at 79.99,

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in