Record Closes for S&P 500 & Dow; Apple Finalizes Deal with China Mobile
Stocks continued to soar up to record closes by the end of trading today. The Dow Jones and S&P 500 achieved new record closes as the Nasdaq closed at its highest point in 13 years. Jos. A. Bank (JOSB) refused a $1.54 billion acquisition offer by Men's Warehouse (MW). Jos. A. Bank cited that the offer undervalued the company at only $55 per share. Apple (AAPL) reached a deal with China Mobile on Sunday.This deal will bring the iPhone to the world's largest phone carrier and could help Apple sell an additional 20 million phones in China in 2014. Looking for a new career path? Look no further than the health care industry. As the Baby Boomer generation continues to age they will continue to need additional health care services, thus the number of health care jobs will increase significantly in the coming years.
Word on the Street
- Facebook (FB) experienced its first day on the S&P 500.
- Consumer spending rose 0.5% in November.
- Jos. A. Bank (JOSB) turned down $1.54 billion bid by Men's Warehouse (MW).
- Target (TGT) now has to deal with numerous lawsuits after reporting breach.
- Tiffany's (TIF) must pay Swatch $449 million.
- Still need health insurance? The enrollment deadline has been extended.
- Apple (AAPL) stock soars on China Mobile deal.
Published on Dec 23, 2013By InvestorGuide Staff