Wall Street Rides Social Media to the Top

Weekly Wrap Up

It was a good week for the markets as all the major indices posted week over week gains. Investors patiently waited for an underwhelming Friday jobs report. However, the Fed seemed to encourage traders when it announced Wednesday that it would continue its $85 billion monthly bond purchasing program. The private sector beat expectations by adding 200,000 jobs in July. It was also announced that the jobless claims fell to the lowest level since early 2008. The social network industry experienced tremendous growth with Facebook (FB), LinkedIn (LNKD), and Yelp (YELP) leading the charge.
Overall, it was a strong 5 days for Wall Street. More Market News More Market News

Economic News

162,000 Jobs Created in US During July
The U.S. unemployment rate fell to 7.4% in July to mark the lowest level since December 2008, but the economy only gained a modest 162,000 jobs last month in another sign that nation is still struggling to break out of a slow-growth phase. (Source: MarketWatch) Click here to read the full article
US Consumer Spending, Inflation Rise in June
U.S. consumer spending increased and inflation pushed higher in June, which could strengthen expectations that the Federal Reserve will curtail its bond purchases later this year. (Source: Yahoo!) Click here to read the full article

Business News

Starbucks Reports Foaming Hot Third Quarter Earnings
Shares of coffee giant Starbucks (SBUX: Charts, News) surged last week, after the Seattle-based company reported strong top and bottom line growth that topped analyst estimates. (Source: InvestorGuide) Click here to read the full article
Panera Bread Plunges on a Downward Guidance Revision
Panera Bread Company (PNRA: Charts, News), which investors consider a promising, high-growth restaurant stock, reported mixed second quarter earnings that showed slower growth than in the prior year quarter. (Source: InvestorGuide) Click here to read the full article
Stereotaxis Stock up 228% on FDA Clearance
Shares of Stereotaxis Inc. (STXS: Charts, News) closed up +4.07 or +228.7 percent on Tuesday after news that the FDA had granted the company 501K clearance to begin marketing its Vdrive Robotic Navigation System with V-Sono Intracardiac Echocardiography catheter manipulator in the United States. (Source: InvestorGuide) Click here to read the full article

Technology Focus

Activision Blizzard Buys Its Freedom From Vivendi for $8.2 Billion
Shares of video game publishing giant Activision Blizzard (ATVI: Charts, News) recently soared after it announced that it was buying back most of French communications and entertainment giant Vivendi�s stake in the company, which once accounted for 52% of voting shares. (Source: InvestorGuide) Click here to read the full article
Baidu Burns the Bears
Shares of Internet search giant Baidu (BIDU: Charts, News) recently surged, despite posting a rare drop in profit during its second quarter. (Source: InvestorGuide) Click here to read the full article

Your Money

Henry Ford on Leadership
ENRY FORD was born 150 years ago, three weeks after the Battle of Gettysburg on July 30, 1863. At 16 left the farm to develop his skills taking an apprenticeship as a machinist in Detroit. (Source: Leading Blog) Click here to read the full article
Want a Job? Good Luck Finding Full-Time Work
More people are landing jobs these days, but they are often part-time or temp work. (Source: CNN Money) Click here to read the full article
Published on Aug 1, 2013
By InvestorGuide Staff

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