Stocks Edge Higher on Bank of Japan Stimulus Measures (BBY, AAPL, FB)
In a mostly mixed trading day on Thursday, stocks crawled higher after the Bank of Japan announced aggressive new stimulus measures to help fight deflation. That good news for investors was offset by an unexpected jump in weekly jobless claims, their highest in four months, ahead of tomorrow's monthly jobs report. In other news, shares of Best Buy (BBY) jumped 16% as the company announced that it would be offering a discount on its current stock of Apple's (AAPL) iPad 3 as well as opening Samsung kiosks in stores.Facebook (FB) also had a strong day after it unveiled its "Home" software that integrates with Android-powered smartphones.
Word on the Street
Published on Apr 4, 2013By InvestorGuide Staff