Not a Fun Friday for Former Goldman Director Gupta; US Stocks Rise (GS, AAPL)

Markets finish Friday with gains thanks to optimism global central banks with interject themselves into the European economic fiasco to provide support. Despite the positive vibes gained globally, the US saw a few discouraging economic reports. Unemployment rose in 18 out of 50 states in May, and factory production within the country fell as well. The big news on Wall Street was former Goldman Sachs (GS) Director Rajat Gupta being found guilty of insider trading, as expected. Apple (AAPL) and Motorola (MOT) have revived their patent wars, as well.

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Published on Jun 15, 2012
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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