Record Setting Week for Stocks; Interest Rates to Remain Low

By: , dated September 19th, 2014

Weekly Wrap Up

Overall, it was a really good week for U.S. stocks. The Dow Jones closed at record highs for 3 days this week, joined by the S&P 500 which closed with a record high on Thursday. The Fed held their Federal Open Market Committee this week and the big news out of that meeting was the the Fed is intent on keeping the interest rates low for the foreseeable future. Chair of the Federal Reserve, Janet Yellen, announced that they do not have a set date or a timeline in place for when they expect to raise the interest rates.

Technology news was the hot topic of this past week. After much anticipation Apple’s (AAPL) iPhone 6 & iPhone 6 Plus went on sale on Friday. Apple announced that over 4 million phones were pre-ordered on September 12th. Also, the wait is over for Alibaba’s (BABA) IPO. On Friday, the Chinese e-commerce giant’s IPO was debuted at $68, but soared 38% to end the day at $93.89, making it the biggest IPO to ever hit wall street.

Economic News

Gauge of US Economy Edges Up 0.2 Percent in August
A gauge designed to predict the economy’s future health rose in August but at a much slower pace than in July. (Source: Yahoo News) Click here to read the full article

Here’s Why Interest Rates Shouldn’t Rise in the Long Run
Investors looking to manage their portfolios have been paying close attention to interest rates, which are at historic lows. Will they stay there? (Source: Business Insider) Click here to read the full article

Business News

Alibaba Group (BAB) Prices Offering at $68 Per Share
Shares of the Alibaba Group Holdings Ltd (BABA) were priced at $68.00 apiece, making this morning’s initial public offering of the Chinese Internet giant the largest U.S. IPO ever. (Source: InvestorGuide) Click here to read the full article

Sears Holding Corporation (SHLD) Down on Loan Funding Source
Shares of Hoffman Estates, Illinois-based Sears Holdings Corporation (SHLD) fell on Tuesday, on a strong day overall on Wall Street. (Source: InvestorGuide) Click here to read the full article

Rite Aid (RAD) Down on Revised Guidance
Shares of the Rite Aid Corporation (RAD) were trading off -0.94 or -14.16 percent to $5.70 per share in premarket trading this morning, after the company report earnings that beat analyst expectations, but downwardly revised its outlook for the rest of the year. (Source: InvestorGuide) Click here to read the full article

Technology Focus

Netflix (NFLX) Expand to Six European Markets
Shares of Netflix Inc. (NFLX) were trading up +1.16 or +0.24 percent to $477.71 per share in this morning’s premarket, after news that Netflix will be expanding into six new European markets beginning today. (Source: InvestorGuide) Click here to read the full article

Apple is Overshadowed by Alibaba IPO
It is a rare day when good news about the iPhone does not lead to a surge in Apple Inc.’s stock, but that’s what happened on Friday, when the iPhone 6 went on sale around the world as Wall Street was focused on the Alibaba IPO. (Source: Market Watch) Click here to read the full article

Your Money

The Secret to Retiring Early 
Early retirement isn’t only about saving up enough money to quit your job. Many people are pushed or pulled into early retirement by their employer, family or both. (Source: Yahoo Finance) Click here to read the full article

How to Pay Your Student Loans While You’re Still in School 
It’s easy to ignore your student loans while you’re in school — if no bills are due, why would loan payments be on your mind? (Source: Yahoo Finance) Click here to read the full article

This article was brought to you by the InvestorGuide Staff Writers and Editors.

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