Stocks End With a Weekly Rise on Techs and Fed Taper Views

Weekly Wrap Up


The US stock markets saw another weekly gain because of several positive economic reports, corporate earnings, and the expectation that the Fed will continue its bond-buying program through the end of the year. Orders for durable goods rose on higher demand, while consumer sentiment in the US dropped to a ten month low. The euro was up near a two-year high against the dollar. Despite an increase on Friday, oil futures were down for the third week in a row on economic concerns.

Tech companies had a good week due to strong gains from Google (GOOG), Microsoft (MSFT) and Amazon (AMZN). Twitter made headway with its IPO plans and set its share price at $17-20, valuing the company around $10.8 billion.
Caterpillar (CAT) missed expected earnings for the quarter and stumbled mid-week. Apple (AAPL) released a series of new products that did not surprise many investors. The company announced that they would offer their new operating software for free.

Economic News


Fed to Stress Limited Patience Next Week
The Federal Reserve will maintain the pace of its $85 billion-a-month asset-purchase program at the end of its two-day meeting next week but will stress that it is prepared to taper as soon as the data confirm a stronger economy. (Source: MarketWatch) Click here to read the full article

Consumer-Sentiment Gauge at Lowest in Almost a Year
A gauge of consumer sentiment fell this month to the lowest reading in almost a year, led by grimmer views of current and upcoming economic conditions, according to data released Friday. (Source: MarketWatch) Click here to read the full article

Business News


General Electric's Third Quarter Earnings Light Up Its Stock
Shares of diversified industrial conglomerate General Electric (GE) rallied recently, after the company reported its third quarter earnings. (Source: InvestorGuide) Click here to read the full article

Chipotle Surges Even Higher on Strong Third Quarter Earnings
Shares of Chipotle (CMG), one of the highest-flying growth stocks in the restaurant industry, surged even higher recently after the company reported mixed third quarter earnings. (Source: InvestorGuide) Click here to read the full article

Athenahealth Surges 20% Despite Missing Top and Bottom Line Estimates
Shares of Athenahealth (ATHN) surged last week, although the company reported earnings and revenue which both missed analyst estimates. (Source: InvestorGuide) Click here to read the full article

Technology Focus


Google Hits $1,000 For the First Time in History
Shares of Google (GOOG) made history last week, with shares surging above $1,000 for the first time ever after the company posted third quarter earnings that comfortably surpassed analyst estimates. (Source: InvestorGuide) Click here to read the full article

Netflix Stock Sharply Lower After Icahn Sale
Shares of Netflix Inc. (NFLX) were down -32.47 or -9.15 percent to close at $322.52 on Tuesday. (Source: MarketWatch) Click here to read the full article

Your Money


Obamacare Website Will 'Work Smoothly' By Late November, Official Says
HealthCare.gov, the online portal to Obamacare enrollment, will reliably allow consumers to shop and sign up for health coverage by late November, a senior adviser to President Barack Obama said Friday. (Source: Huffington Post) Click here to read the full article

Three Things That Actually Motivate Employees
The most motivated and productive people I’ve seen recently work in an older company on the American East Coast deploying innovative technology products to transform a traditional industry. (Source: HBR) Click here to read the full article

Published on Oct 25, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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