S&P 500 Closes at Record High as the Economy is Being Led by Housing & Auto Industries
After a rough couple of weeks of 2014 the three main indices end the week up, with the S&P 500 jumping to a record high. The expansion of the economy is being led by the auto and housing industries as stated in the Fed's Beige Book. Apple (AAPL) and the Federal Trade Commission came to an agreement today. Apple will be refunding customers $32.5 million in purchases made accidentally by kids. Nestor's stock rose 1,900% yesterday. Many investors purchased Nestor's shares thinking it was Nest Lab's shares, a company recently purchased by Google (GOOG). Anheuser-Busch revealed their commercial plans for the Superbowl, stating that there 5-30 second commercials will feature celebrities, Clydesdale horses and also a salute to military troops.Bank of America (BAC) announced that they beat 4Q estimates. Revenue was projected at $21.2 billion but the bank brought in $21.7 billion.
Word on the Street
- Apple (AAPL) and FTC come to an agreement over kids' app purchases.
- Can Scarlett Johansson help revive SodaStream (SODA)?
- Google (GOOG) has spent a lot of money on acquisitions over the past 2 years.
- Will AOL (AOL) be acquired by Yahoo (YHOO) soon?
- Small businesses vow to appeal ObamaCare subsidies.
- Tesla Motors Inc. (TSLA) surges on higher than expected sales, stock upgrade.
Published on Jan 15, 2014By InvestorGuide Staff