Wall Street, Led by Hewlett-Packard, Finishes the Week on a High Note (HPQ, AIG, AAPL)

Markets closed the week on a positive note Friday as Dow component Hewlett-Packard (HPQ) jumped over 10% on strong results. Insurer American International Group Inc (AIG) also posted surprisingly positive Q4 results, driving shares up over 2.5% for the day. Despite gaining 0.7% on Friday, the S&P 500 had its first negative week of 2013. Also helping stocks were comments by Fed Chairman Ben Bernanke that downplayed worries of the Fed creating "asset bubbles" that could be drags on the economy.
Late in the day, a court ruled in favor of Einhorn and Greenlight Capital, blocking Apple's (AAPL) shareholder vote.

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Published on Feb 22, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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