Wall Street Off for the Week as Syria Causes Volatility (AAPL, CRM)

Weekly Wrap Up

Attention shifted to global worries this week as the US mulled over a possible strike in Syria and worries grew over what the impact of such action would be. Despite a couple of positive days, the markets mostly saw declines and headed toward the worst month since May of 2012. It was reported that GDP growth during Q2 was stronger than expected and the housing market held a lot of attention after mortgage rates hit two-year highs.

This week Salesforce.com Inc. (CRM: Charts, News) jumped almost 14% after increasing its outlook for 2014 sales.
Several retailers posted positive results including Express (EXPR: Charts, News), Home Depot (HD: Charts, News) and Guess (GES: Charts, News). Oil prices spiked this week up to $110 a barrel. Gold ended on Friday with a 6% gain for the month of August. More Market News

Economic News

Kerry Makes Case for Acting in Syia
Citing what he called "clear and compelling" evidence that the Syrian government attacked its own people with chemical weapons, U.S. Secretary of State John Kerry on Friday made the Obama administration’s strongest argument to date for taking action against the regime of President Bashar al-Assad. (Source: MarketWatch) Click here to read the full article
Weak Spending, Inflation Data Point to Soft US Economy
U.S. consumer spending barely rose and inflation was tame in July, offering a cautionary note on the economy as the Federal Reserve weighs cutting back its massive bond-buying program. (Source: Reuters) Click here to read the full article

Business News

Lowe's Reports High Top and Bottom Line Growth
Home improvement retailer Lowe’s (LOW: Charts, News) reported strong second quarter earnings that comfortably topped analyst estimates last week, indicating continued strength in the U.S. housing market and its related industries. (Source: InvestorGuide) Click here to read the full article
Kohl’s Reports Balanced Earnings and a Cautious Full-Year Outlook
Family-oriented department store chain Kohl’s (KSS: Charts, News) reported fairly lackluster earnings last week, raising investor concerns that previous earnings from Wal-Mart (WMT: Charts, News) and Macy’s (M: Charts, News) were only precursors to a weakening consumer environment. (Source: InvestorGuide) Click here to read the full article
Is Staples’ Fate Stapled Shut?
Staples (SPLS), the largest office retailer in the United States, plunged 16% after it reported dismal second quarter earnings that caused investors to question the future of the troubled company. (Source: InvestorGuide) Click here to read the full article
Home Depot Hits a Homerun with Solid Second Quarter Earnings
Home improvement retailer Home Depot (HD: Charts, News) reported strong earnings that topped analyst estimates. (Source: InvestorGuide) Click here to read the full article

Technology Focus

Apple's iPhone Trade-In Program Going Live Across The U.S. Today
Apple will be expanding its iPhone trade-in program nationwide starting today, according to a report from CNBC's Jon Fortt which we've confirmed with our sources. (Source: TechCrunch) Click here to read the full article
TiVo Earnings Rise on Lawsuit Settlements
Shares of TiVo Inc. (TIVO: Charts, News) closed down -0.18 or -1.61 percent to $10.97 per share on Tuesday. (Source: InvestorGuide) Click here to read the full article

Your Money

Creating the Best Workplace on Earth
Suppose you want to design the best company on earth to work for. What would it be like? (Source: Harvard Business Review) Click here to read the full article
Debating the Future of Social Media Leadership and Strategy
Will social media marketing be absorbed into the every day workplace or will it stand alone as a distinct career? Or both? (Source: Businesses Grow) Click here to read the full article
Published on Aug 30, 2013
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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