Tech Stocks Help Markets Rebound; ABI/Modelo Deal Settled by DOJ (MCD, BUD)

Late reports of earnings yesterday and G20 statements led the markets higher on Friday. Both Google (GOOG) and Microsoft's (MSFT) higher-than-expected earnings lifted the tech-heavy Nasdaq. McDonald's (MCD) was one of Friday's decliners, dropping 2% after reporting flat Q1 earnings and sales. Anheuser-Busch InBev (BUD) and Grupo Modelo finally made an agreement with the Justice Department that will help move their merger forward.
After a week of back-and-forth yield swings, Treasurys fell flat on Friday. Both the US dollar and the euro gained against the yen after the G20 countries did not oppose recent Japanese monetary policy.

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Published on Apr 19, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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