Facebook Surges. Did the Markets Follow Its Lead?

The markets closed today in positive territory across the board.  The S&P 500 and Dow Jones recovered from a rocky morning session thanks to a late charge by Facebook (FB), which closed above its IPO price for the first time ever.  Wall Street seemed unfazed by the mixed results disclosed by today's jobs report.  Investors are still waiting anxiously for a decision about the Fed's future plan for its bond buying program.  Chevron (CVX) missed expectations with its earnings report .
 Its quarterly profit was down 26% from last year.  In other news, the price of crude oil closed the day at $106.92 per barrel and the U.S. dollar fell slightly to euro and pound.

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Published on Aug 2, 2013
By InvestorGuide Staff

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