Markets Recover on Friday; Facebook Rises on Video Feature (FB, PG)

Most US stocks were able to pull higher on Friday after two days of steep losses. Despite wavering trading earlier in the day both the Dow and S&P were able to finish in the green by the close of the bell. Hewlett-Packard (HPQ) and Oracle (ORCL) both tumbled while shares of Groupon (GRPN), Micron Technology (MU) and Proctor & Gamble (PG) rallied.
Several investors made comments that the Fed's message about a taper was misread by the markets and that the announcement was mistimed. The US dollar saw gains for the third consecutive day in the wake of Bernanke's signals.

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Published on Jun 21, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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