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Dow Extends Positive Rally to 5 Weeks and US Sentiment Rises (AAPL, YHOO)

By: , dated July 26th, 2013

Weekly Wrap Up

Throughout the week all three major US indices saw major gains, but overall mixed on average for the five sessions. Investors weighed corporate earnings that were both exceptional as well as below expectations. Starbucks (SBUX: Charts, News) and Apple (AAPL: Charts, News) both soared this week while others disappointed, including Zynga (ZNGA: Charts, News) and McDonald’s (MCD: Charts, News).

On Friday it was announced that consumer confidence in the US rose to a six-year high in July. Talks about who the Federal Reserve will choose to replace Ben Bernanke circulated but a decision will not be made for some time. Stocks in Europe waivered this week ahead of the next week’s central bank meetings and on dragging market sentiment. More Market News

Economic News

Consumer Sentiment Reachs Six-Year High
U.S. consumers were the most confident in July they’ve been in six years, buoyed by rising stock and house prices and an improving jobs market, data showed on Friday. (Source: MarketWatch) Click here to read the full article
The Week in Charts: Europe Shows Signs of Life as China Struggles
On the one-year anniversary of Mario Draghi’s famous pledge to save the euro, the euro-zone economy is finally showing signs of life. (Source: MarketWatch) Click here to read the full article

Business News

Advanced Micro Devices Claims Video Game Consoles Will Revive its Top Ling Growth
Advanced Micro Devices (AMD: Charts, News) recently plunged, after the maker of x86 processor and Radeon graphics cards reported bleak second quarter earnings. (Source: InvestorGuide) Click here to read the full article
Yahoo Surges to a 5-Year High
Yahoo (YHOO: Charts, News) CEO Marissa Mayer, who has led the Sunnyvale, Calif.-based company for a year now, certainly has a knack for making headlines. (Source: InvestorGuide) Click here to read the full article
Apple Stock Rises on Third Quarter Earnings
Shares of Apple, Inc. (AAPL: Charts, News) were up +16.51 or +3.94 percent to $435.50 per share in pre-market trading on Wednesday, after the company announced positive fiscal third quarter earnings late Tuesday afternoon. (Source: InvestorGuide) Click here to read the full article

Technology Focus

Google Slides After Missing Top and Bottom Line Estimates
Shares of search giant Google (GOOG: Charts, News) plunged last week, after the Mountain View, Calif.-based company reported second quarter earnings that came short of consensus estimates. (Source: InvestorGuide) Click here to read the full article
Microsoft Misses Revenue Forecasts By Nearly a Billion Dollars
Shares of Microsoft (MSFT: Charts, News) plunged last week, after the Redmond, Washington-based company reported fourth quarter earnings that completely missed analyst estimates. (Source: InvestorGuide) Click here to read the full article

Your Money

Chanos: China ‘Great Place to Be Short’
The world’s largest short-sell, James Chanos of Kynikos Associates, weighs in on why he believes investors are “misled by Chinese GDP numbers,” and how he is making money there. And Chanos provides his perspective on the Fed’s asset-buying program. (Source: CNBC) Click here to read the full article
The Toughest Questions Asked in a Harvard MBA Interview
In a typical year, slightly more than 2,000 highly driven people are interviewed for admission to the prestigious MBA program at Harvard Business School. (Source: LinkedIn) Click here to read the full article

 

This article was brought to you by the InvestorGuide Staff Writers and Editors.

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