Momentum Non-Existent on Monday as Wall Street Eyes Europe (INTC, GRPN)
Markets began the week on a mixed note, as the Dow recorded minor losses but the S&P 500 and Nasdaq barely stayed above water on an uneventful trading day. Investors await important macroeconomic decisions in Europe, as central banks are expected to provide assistance to troubled nations, mainly Spain and Greece, very soon. In domestic news, the Census Buraeu released a report saying household net worth has slid a whopping 25% between 2005 and 2010. Stocks in the news were Groupon (GRPN), who saw shares rise in the wake of a Morgan Stanley (MS) upgrade, and Intel (INTC), who purchased $375 million worth of patents.
Word on the Street
- US stocks end mixed, eyeing major decisions in Europe.
- Census Bureau reports household net worth slide from 2005 to 2010 by 35%.
- US home builder sentiment at its highest point in 5 years.
- Intel (INTC) agrees to buy $375 million worth of patents from InterDigital.
- Groupon (GRPN) shares spike after Morgan Stanley upgrades the stock.
- Verizon (VZ) dropping majority of cell phone plans to help users share data usage between devices.
- Facebook (FB) acquires a facial recognition software company.
- Are we witnessing Nokia's (NOK) last stand?
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Published on Jun 18, 2012By InvestorGuide Staff