S&P 500 Closes With Its 28th Record High of the Year; Labor Market Not Fully Recovered

Weekly Wrap Up


U.S. stocks posted slight gains this week, with the S&P 500 closing at its 28th record high of the year on Thursday. Janet Yellen spoke at the Fed's annual symposium on Friday and said that while the labor market continues to improve, it has yet to fully recover years after the end of the recession. The unemployment rate has fallen from a high of 10% down to 6.2% but Yellen believes that just speaks to the depths of the damage that occurred during the recession.

Apple's (AAPL) stocks were over $100 a share on Tuesday, achieving the highest share price in the tech company's history.
It appears that the anticipation for the iPhone 6 is sending stocks soaring. Target (TGT) struggled during the second quarter, losing $111 million during the quarter due to the security breach alone. Target's earnings were also down 62% compared to the same quarter just a year ago.

Economic News


Fed's Yellen: Labor Market 'Has Yet to Fully Recover'
Federal Reserve Chair Janet Yellen said Friday the recent rapid decline in the unemployment rate likely overstates the health of the labor market, which may have been altered persistently by the Great Recession. (Source: USA Today) Click here to read the full article

Signs of Housing Improvement in Latest Existing-Home Sales Report
Sales of previously owned homes in July hit the fastest pace in 10 months, in a sign of improvement in the housing market after a rough start to the year. (Source: MarketWatch) Click here to read the full article

Business News


(GME)
Shares of GameStop Corporation (GME) were up +2.76 or +6.82 percent to $43.25 per share in Friday’s premarket, after the company released second quarter earnings which beat analyst expectations after the close on Thursday. (Source: InvestorGuide) Click here to read the full article

(BBL)
Shares of BHP Billiton Plc (BBL) were off -3.59 or -5.16 percent to $65.93 per share in premarket trading this morning, while BHP Billiton Ltd (BHP) shares were off -2.58 or -3.55 percent to $70.18 per share in the premarket. (Source: InvestorGuide) Click here to read the full article

(DG)
Shares of Dollar General Corporation (DG) were up +6.36 or +11.07 percent to $63.82 per share in premarket trading on Monday, after the company announced early this morning it would pay $78.50 per share for Family Dollar Stores Inc. (FDO). (Source: InvestorGuide) Click here to read the full article

Technology Focus


Sprint Unveils New Unlimited Data, Talk & Text Plan
SNew Sprint CEO Marcelo Claure is on a roll. Just a few days after unveiling new family share plan pricing, now the company is undercutting the competition on unlimited data. (Source: USA Today) Click here to read the full article

Report: Microsoft to Reveal Windows 9 Next Month
Might Microsoft be ready to reveal the latest version of its Windows operating system? The Verge reports Microsoft is planning an event Sept. 30, where it will announce Windows 9. (Source: USA Today) Click here to read the full article

Your Money


Secrecy About Salaries May Be On The Way Out
There's lots of investment advice out there on the Internet, but these are the five things that you should know that you've never been told. (Source: Yahoo Finance) Click here to read the full article

Are College Aid Planners Worth the Money
The college financial aid application process can be tough for any family to manage on their own, but is it worth the money to bring in a professional? (Source: Yahoo Finance) Click here to read the full article

Published on Aug 22, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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