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Indices Gain Across the Board; Jobs Data and Syria in Focus

By: , dated September 6th, 2013

Weekly Wrap Up

After a disappointing series of sessions last week, this week stocks ended positively for the four days the US markets were open. The Dow was able to end its four-week losing streak. In focus was Syria and the most recent jobs data which was released on Thursday and Friday. Gold and oil both pushed higher on Friday but for the weekly average gold futures closed 0.7% lower. Oil gained 2.7% and ended near the highest close since May 2011.

In corporate news, sales of autos reportedly soared to the pre-economic slump level. Ford (F: Charts, News) and General Motors (GM: Charts, News) saw large gains this week. Techs also also drew attention as Verizon (VZ: Charts, News) announced its deal to acquire Vodafone’s (VOD: Charts, News) stake in the company. More Market News

Economic News

G20 Says Economy Recovering But No End to Crisis Yet
The Group of 20 powers said on Friday the world economy was improving but it was too early to declare an end to crisis with emerging markets facing increasing volatility. (Source: Reuters) Click here to read the full article
Labor Participation Lowest Since 1978
The labor force participation rate dropped to 63.2%, the lowest level since 1978, as job creation remains lackluster. (Source: CNN) Click here to read the full article

Business News

Guess Crushes Earnings Expectations
Shares of apparel retailer Guess (GES: Charts, News) surged last week, after the company reported strong second quarter earnings that topped analyst estimates. (Source: InvestorGuide) Click here to read the full article
Campbell Soup Reports a Mixed Fourth Quarter
Shares of Campbell Soup (CPB: Charts, News) slid last week, after the processed foods maker reported mixed earnings that showed solid bottom line growth offset by top line weakness. (Source: InvestorGuide) Click here to read the full article
Krispy Kreme’s Earnings Aren’t Sweet Enough for Wall Street
Shares of Krispy Kreme (KKD: Charts, News) didn’t taste so sweet last week, after the company reported second quarter earnings that beat the consensus estimate on revenue but missed on earnings. (Source: InvestorGuide) Click here to read the full article

Technology Focus

Verizon Shares Down on Vodafone Deal
Shares of Verizon Communications Inc. (VZ: Charts, News) closed down -1.37 or -2.89 percent to $46.01 per share on Tuesday, after the telecommunications giant announced it had agreed to buy Vodafone Group Plc’s (VOD: Charts, News) 45 percent stake in Verizon Wireless. (Source: InvestorGuide) Click here to read the full article
Blackberry Shares Jump After Report Board Seeks Quick Sale
BlackBerry Ltd. (BBRY: Charts, News) shares bounced up in opening trading Thursday after the Wall Street Journal reported the Waterloo, Ont.,-based firm could announce a buyer by November. (Source: Yahoo!) Click here to read the full article

Your Money

Why is September the Cruelest Month?
Stock-market aficionados know that the average September over the past 100 years has been terrible for stocks. But this record, in and of itself, isn’t a good reason to sell all your stocks and leave the money in cash this month. (Source: MarketWatch) Click here to read the full article
For Entrepreneurs, U.S. Comes Out on Top
New reports from Hiscox and Ernst & Young show that for entrepreneurs, the U.S. is the place to be. (Source: Fox Small Business) Click here to read the full article

 

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

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