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Weaker-Than-Expected Economic Data; Zulily (ZU) IPO

By: , dated November 15th, 2013

Stocks continue to perform well as the S&P 500 and Dow Jones finished the week up, for the sixth straight week. Nasdaq is also on track to finish the week up for the first time in three weeks. After Twitter (TWTR) made a splash on its first day on the market a week ago, Zulily (ZU) followed suit and had a 87.5% jump in its IPO price throughout its first day. The economic data that was released today wasn’t exactly what everyone was hoping for. New York’s manufacturing sector reported a weaker than expected reading along with a drop in overall industrial production. Gas prices continue to drop as crude oil dropped $0.02 per barrel today. Experts are predicting that we are very close to reaching the lowest price that we will see in the United States and then prices will probably bottom out after that.

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