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Twitter and the October Jobs Report Highlight the Week

By: , dated November 8th, 2013

Weekly Wrap Up

The week’s big news was that Twitter (TWTR) finally entered the market after many weeks of discussing terms and IPO prices. Thursday was its first day on the market and its stocks rose nearly 77% during the day and ended at $44.90 per share. While Friday wasn’t as successful for Twitter, share prices only dropped around 7% on the day. On Friday the jobs report was released and showed that the U.S. economy had created 204,000 jobs during the month of October. Many economists estimated a much smaller number due to the government shutdown, but it appears that the shutdown didn’t have as large as an impact as expected.

Record highs and lows were both achieved this week. On Wednesday the Dow Jones attained a record high that it later beat on Friday afternoon and the S&P 500 nearly set a record. But on Thursday the day ended with a new season low. The week ended on a high note with the three major stock indexes finishing the week in the green. Reports this week revealed that the U.S. economy grew 2.8% during the third quarter, this worries some investors that the Federal Reserve could stop the stimulus sooner than anticipated. Tesla (TSLA) had a rough week after a third car fire was reported, sending their stocks tumbling.

Economic News

Fed’s Lockhart Calls Policy Outlook Murky
Dennis Lockhart, the president of the Atlanta Fed Bank, calls the policy-making environment murky and said the central bank might not have its finger on the pulse of the economy until next year. (Source: MarketWatch) Click here to read the full article

US Added Unexpectedly Strong 204,000 Jobs in Oct.
A burst of hiring in October added a surprisingly strong 204,000 jobs to the economy in a month when the government was partly shut down for 16 days. (Source: Yahoo News) Click here to read the full article

Business News

Five Stocks to Watch in November
U.S. stock markets continued making new record highs in October, with the S&P 500 Index hitting 1,772.70 on October 30th. (Source: InvestorGuide) Click here to read the full article

Weight Watchers (WTW) Goes On A Crash Diet After Suspending Its Dividend
Shares of Weight Watchers International (WTW) plunged more than 20% last week, after the company suspended its dividend in the latest sign of weakness for the troubled company. (Source: InvestorGuide) Click here to read the full article

Starbucks (SBUX) Is Still Sitting Pretty At All-Time Highs
Coffee giant Starbucks (SBUX) impressed Wall Street again last week with robust fourth quarter earnings. The company earned an adjusted $0.63 per share, a 37% increase over the prior year quarter. (Source: InvestorGuide) Click here to read the full article

Technology Focus

Facebook (FB) Goes On a Wild Ride Following Robust Third Quarter Earnings
Shares of Facebook (FB) went on a roller coaster ride last week, after the social networking giant reported its third quarter earnings.(Source: InvestorGuide) Click here to read the full article

The Sun Shines Again On First Solar
Shares of First Solar (FSLR) lit the markets on fire last week, after reporting blowout third quarter earnings. (Source: InvestorGuide) Click here to read the full article

Your Money

7 Things to Think About Before Buying a Stock 
There’s lot of advice out there on how to invest, when to invest, what to invest in, and even why to invest. Enough books have been written on the stock market to fill libraries (or flash drives, these days), yet many investors struggle to keep up with today’s turbulent markets. (Source: Wall St. Cheat Sheet) Click here to read the full article

4 Simple Things to Do Every Year to Save Money
For many people, managing their finances feels like an overwhelming task. (Source: Yahoo Finance) Click here to read the full article

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

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