Weekly Winners and Losers: AMZN, FDX, ADBE

Weekly Wrap Up

In spite of a few promising signs in the economy, major indices were down this week. One of the biggest factors was a contraction in China's manufacturing based on a big manufacturing index. This, in combination with the Chinese government's recent downward revision of the country's growth target, has international investors concerned about the state of the underlying Chinese economy. Jobless claims fell by 5,000 in the US, the the average 30-year fixed mortgage rate was up for the first time in almost half a year. More Market News

Economic News

US Jobless Claims Fall In Week; Indicators Rise
Initial jobless claims fell by 5,000 to a seasonally adjusted 348,000 in the week ended March 17, the lowest level since March 2008, the Labor Department said Thursday.
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Average fixed mortgage rates in the US for the past 52 weeks, at a glance
The average U.S. rate on the 30-year fixed mortgage rose above 4 percent for the first time in five months. The sharp increase suggests the window to buy or refinance a home at historically low rates is closing. Click here to read the full article
China manufacturing blow
Chinese manufacturing slumped for a fifth month in March and the euro zone economy is showing new signs of wilting, according to surveys yesterday that pointed to weakening global demand.

Only the US is showing signs of momentum among the world's top economies, underlined by data showing jobless claims fell to a fresh four-year low last week. Click here to read the full article

Business News

FedEx profit surges on strong holiday shipping
FedEx Corp.’s fiscal third-quarter earnings more than doubled from a year earlier in a period the company said hosted record holiday package shipping. Click here to read the full article
McDonald's Recipe For Success Brought New CEO To The Table
McDonald’s Corporation announced yesterday that Don Thompson, 48, will take over July 1 as head of the company when James A. Skinner, 67, retires. The passing of the mantle is part of an elaborate succession planning process that Skinner helped engineer and one that other companies could emulate. Click here to read the full article

Technology Focus

Exclusive: In a Major Restructuring, Hewlett-Packard to Combine Printer and PC Groups
Hewlett-Packard will announce a sweeping reorganization today that will move its Imaging and Printing Group, once the jewel in the IT giant’s crown, under its PC-making Personal Systems Group, sources familiar with the matter tell AllThingsD. Click here to read the full article
Amazon Shares Rally As Kiva Purchase Praised
Shares of Amazon.com Inc. (AMZN: Charts, News) rose more than 4% in Tuesday trading even as the Nasdaq inched lower, as analysts suggested the Internet retail giant's purchase of Kiva Systems will help Amazon cut costs. Click here to read the full article
Published on Mar 23, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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