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.

Word on the Street

Interesting Tidbits

Published on May 24, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

Posted in ...