Low Volume Tuesday - Why are Starbucks (SBUX) and NetFlix (NFLX) in the news?
Markets followed a mixed Monday with minor gains on Tuesday while investors away important economic news in Europe. The G-7 is meeting to discuss the ongoing economic woes of the continent with hopes of curtailing its tail spin. The euro slid today on worries over Spain's stability. US markets were able to proceed upward, however slightly, despite low volume. Stocks teetered between losses and gains the majority of the day. In corporate news, Starbucks (SBUX) head Howard Schultz stated his desire to turn the company into the "IBM of coffee" as the firm scoops up bakeries and other food outlets.
Word on the Street
- Global markets continue woes as Euro slips, this time due to concerns in Spain.
- US stocks move cautiously up and down on low trading volume.
- A Congress budget official says the US debt could double in the next 25 years if policies do not change.
- Starbucks (SBUX) CEO Howard Schultz aims to make his company the IBM (IBM) of coffee.
- G-7 officials meet to discuss the ongoing European economic crisis.
- Google (GOOG) purchases mobile app suite Quickoffice.
- Netflix (NFLX) plans to build their own content delivery network with its own original content.
- With Apple (AAPL) and Google dominating the cell phone arena, is Research in Motion (RIMM) at it's last stand?
Published on Jun 5, 2012By InvestorGuide Staff