Wall Street Gains for the Week, Negative Jobs Data Holds Back Further Rally

Weekly Wrap Up

More Market News

Economic News

Dollar at Four-Month Low vs. Euro as US Jobs Data Points to QE
The dollar fell to a near four month low against the euro and a one month low against the yen on Friday after a smaller-than-expected rise in U.S. nonfarm payrolls prompted bets the Federal Reserve will pump additional money into the sluggish economy.
Source: Reuters. Click here to read the full article
US Services Sector Grows During August
A widely-watched index of the sector, which accounts for the lion's share of the US economy, unexpectedly climbed to 53.7 in August from 52.6 in July. Any reading above 50 on the index from the Institute for Supply Management (ISM) signals expansion. Source: The Telegraph. Click here to read the full article
Huge Step Taken By Europe's Bank to Abate a Crisis
The European Central Bank on Thursday took its most ambitious step yet toward easing the euro zone crisis, throwing its unlimited financial clout behind an effort to protect Spain and Italy from financial collapse. Source: NYTimes. Click here to read the full article

Business News

August Auto Sales Rev Up 20%
Auto sales surged in August as consumers reacted to higher gas prices by snapping up fuel-efficient cars and small sport utility vehicles. Source: LA Times. Click here to read the full article

Intel Cuts Revenue Outlook on Softer Demand
Intel (INTC: Charts, News) is cutting its third-quarter revenue forecast due to softer-than-expected demand for its chips amid difficult economic conditions.

Intel chips go into about 80 percent of personal computers and into a vast number of servers as well, making it a bellwether for spending on computers. Source: CNBC. Click here to read the full article

Lufthansa, Cabin Crew Union Take Pay Dispute to Arbitration After Flight Attendants Walk Out
Germany’s Lufthansa and a union representing cabin crews agreed Friday to take their bitter pay dispute to arbitration after flight attendants walked off the job at airports around the country, forcing the airline to cancel hundreds of flights. Source: Washington Post. Click here to read the full article

Technology Focus

Why Kindle Fire HD Won't Hurt Apple Much Yet
Fresh from Amazon.com CEO Jeff Bezos' Kindle-palooza in L.A. on Thursday, my main reaction:


Amazon (AMZN: Charts, News) has raised its game far more than I expected in the quality of its tablet hardware. Source: CNBC. Click here to read the full article

Pandora Feeling Pain as Apple Seeks to Take a Bit Out of Its Audience
The P stood for "plunge" for Pandora (P: Charts, News) stock on Friday as its shares sank 18% in early trade following reports that Apple (AAPL: Charts, News) is in the middle of licensing negotiations for a service that will rival the online radio company's. Pandora shares are trading at around $10 following the report in the Wall Street Journal. Source: Yahoo! Finance. Click here to read the full article

Your Money

Why Does Wall Street Always Win?
After a long summer of high-profile scandals - JPMorgan Chase trading, Barclays rate-fixing, HSBC money laundering and more - the debate about the financial sector is becoming livelier.

Why has it become so excessively dominated by relatively few very large companies? Source: Economix. Click here to read the full article

Careers Are Dead. Welcome to Your Low-Wage, Temp Work Future
Finally, some statistics to prove the stereotypes right. According to a recent survey from Millennial Branding and Payscale, Millenials really are most likely to be employed in service industry jobs. So, all those jokes about post-graduation latte pouring and t-shirt folding haven’t been in vain. Source: Fast Company. Click here to read the full article
Published on Sep 6, 2012
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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