Groupon Launches New Service- Markets Surge

[Data as of 4:00 PM] Wall Street started celebrating the nation's birthday a little early this July as stocks began the month on a high note.  The Dow Jones industrial average closed the day up 65.36 points at 14,974.96 while the Nasdaq jumped 31.24 points to 3,434.49.  The S&P 500 also had a good day of trading, posting a 8.68 gain.  Onyx Pharmaceuticals (ONXX) skyrocketed 44.61 points as discussions about it possibly being acquired continued to spread.  Unfortunately, it was not good news for everyone.
 BlackBerry's (BBRY) stock market woes continued as its stock slipped to $10.28.  There have been growing concerns about the soft consumer response to BlackBerry's recently released smart phones.  OpenTable (OPEN) also took a hit after Groupon (GRPN) launched a limited release of its competing online restaurant reservation system called, Groupon  Reserve.  It is currently only available in ten U.S. cities.  Overall, it was a very strong day for the markets, and investors hope the bullish mood will continue through the holiday week.

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Published on Jul 1, 2013
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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