S&P 500 Breaks 1,400 (CSCO, EBAY)

Positive economic data from recent days sent major indices up, with the S&P 500 breaking 1,400 for the first time since June 2008. Treasury yields continued the longest fall that they have had since 2006. In corporate news, Cisco (CSCO) bought NDS, a developer of premium TV software. This is the first big acquisition that Cisco has made in over two years. Paypal, a subsidiary of eBay (EBAY), has come out with a credit card slider that attaches to mobile devices in order to compete with Square, the company that currently dominates that place in the market.

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Published on Mar 15, 2012
By InvestorGuide Staff

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