US Stocks End Four-Week Run; Durable Goods Orders Rise 3.3%

The US markets ended what was four weeks of gains and mostly declined for a third consecutive day on Friday. Despite the mixed trading, positive economic news was released - orders for durable goods in April jumped more than was expected, indicating that the US continues to be resilient and grow. Proctor & Gamble (PG) edged higher on Friday after bringing back retired CEO Lafley to help restructure the company. Sears (SHLD) stumbled 14% and Abercrombie & Fitch Co. (ANF) fell 7% after both companies reported Q1 losses.
Many continue to wait for more information regarding the Fed's plan to scale back its bond purchases.

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Published on May 24, 2013
By InvestorGuide Staff

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