Apple Awarded $290.45 Million; Dow Closes Above 16,000
The Dow Jones continues its record run after finishing the day above 16,000 for the first time ever. After President Obama recommended Janet Yellen as the new chair of the Federal Reserve last week, the Senate Banking committee followed suit recommending her today. After two straight weeks of increases, the 30-year mortgage rate falls to 4.22%, showing Americans that purchasing homes is still affordable. The U.S. announced that it will probably be able to sell the remaining shares of General Motors (GM) stock by next month.
Word on the Street
- Dell's (DELL) CEO wants more employees to work from home.
- AOL (AOL) trying to sell Winamp, its media player, to Microsoft (MSFT).
- Telsa's (TSLA) struggles continue as its VP leaves the company.
- Janet Yellen has been nominated by the Senate Banking committee.
- BMW to sell futuristic car for $136,625 in spring of 2014.
- Looks like the labor market is improving as jobless claims falls once again.
- J.C. Penny (JCP) stock higher despite lower earnings.
Published on Nov 21, 2013By InvestorGuide Staff