Energy Prices Continue to Fall; Market Recovers After Wednesday
The U.S. markets seemed to recover today, at least slightly, after lackluster performance on Wednesday. This upswing is partially due to many companies reporting better-than-expected earning in the third-quarter. One of these companies being Ford (F) who reported numbers that exceeded expectations by 7 cents per share. The U.S. dollar fell slightly in relation to the euro and yen. The number of people who are filing for unemployment benefits dropped for the fourth straight week, but numbers are slightly inaccurate due to continued issues with the computers that California uses to record this data.Apple (AAPL) announced that they are offering their new OS X Mavericks operating software for free which is causing many people think that this could be another "trump" card over Microsoft (MSFT), who charges at least $120 for their operating system. Energy prices continued to drop for the fourth time in a row, losing 5 cents per barrel on crude-oil.
Word on the Street
- Stocks in the green on Thursday: Ford (F), McKesson Corporation (MCK) and 3M (MMM).
- U.S. stocks shifted higher today after lackluster day on Wednesday.
- With a large number of stock options, Mark Zuckerberg establishes corporate compensation record for 2012 earnings.
- Due to declines in refinancing activity, Bank of America decides to eliminate up to 3,000 mortgage jobs.
- U.S. jobless number continues to fall; down 12,000 claims.
- Should Apple (AAPL) buy its own stocks as Carl Icahn suggests?
- Chipotle (CGM) Surges Even Higher On Strong Third Quarter Earnings.
Published on Oct 24, 2013By InvestorGuide Staff