Tech Stocks Driving Force Behind Roller Coaster Week for Stocks

Weekly Wrap Up


U.S. stocks ended a roller coaster week in the green. Tech stocks seemed to be the driving force behind this weeks gains and losses. Alibaba's (BABA) surge during its IPO was short lived as it fell over 4% on Monday. Later in the week, Apple's (AAPL) stock dropped around 4% due to reports of its newest iPhone being bendable.

The economy showed much improvement in Q2, especially in comparison to Q1. The United States GDP grew at a 4.6% rate in the second quarter, up from the estimated rate of 4.2%.
The economy expanded at its fastest pace in nearly 2 1/2 year. It appears that gas prices will continue dropping until the end of the year. Gas prices typically decline in the fall and this year prices are falling even lower due to falling global oil prices. It is estimated that nearly 30 states will have gas prices below $3 by the end of the year.

Economic News


Business Spending, Exports Spur Big Bounce in U.S. Economy 
The U.S. economy grew at its fastest pace in 2-1/2 years in the second quarter with all sectors contributing to the jump in output in a bullish signal for the remainder of the year.  (Source: Yahoo News) Click here to read the full article

Dollar, U.S. Stocks Gain on U.S. GDP Data; Gross' Pimco Exit Hits Bonds
Data showing the U.S. economy grew at its fastest pace in more than two years in the second quarter boosted the dollar and U.S. stocks on Friday while news that high-profile investor Bill Gross is leaving Pimco for a rival firm rattled the bond market. (Source: Yahoo News) Click here to read the full article

Business News


(NKE)
Shares of Nike Inc. (NKE) were up +4.76 or +5.89 percent to $85.60 per share in yesterday’s after hours trading in the wake of better than expected earnings for the company’s fiscal 2015 first quarter ended on August 31st. (Source: InvestorGuide) Click here to read the full article

(SLXP)
Shares of the Salix Pharmaceuticals Inc. (SLXP) were up +12.47 or +7.80 percent to $172.30 per share in this morning’s premarket. The stock was up as much as 16 percent in afterhours trading yesterday after news that Allergan Inc. (AGN) was in talks with Salix to take over the company. (Source: InvestorGuide) Click here to read the full article

Once-Mighty BlackBerry Posts Another Quarterly Loss
The company stressed its new focus on services and software for business, despite unveiling the Passport, an unusual new smartphone, just two days earlier. (Source: New York Times) Click here to read the full article

Technology Focus


(GPRO)
Shares of San Mateo, California, based GoPro, Inc. (GPRO) rose Tuesday, defying markets which were down across the board. GoPro’s stock was up 6.75%, rising $4.61 to close at $72.88 per share on volume of 7,725,002 shares. (Source: InvestorGuide) Click here to read the full article

Investor Wants Marissa Mayer's Yahoo to buy AOL
Activist fund Starboard Value Partners released a letter to Yahoo CEO Marissa Mayer Friday urging her to consider a strategic deal with AOL. Both stocks rose on the news. (Source: CNN) Click here to read the full article

Your Money


5 Ways to Save Money Using Your Smartphone
We all want to save a little money, but sometimes our busy schedules get in the way of our budgets. (Source: Yahoo Finance) Click here to read the full article

"Broken Eggs": What Happens When Your Retirement is Ambushed
A decade ago, Julia and Bob Beardsley were on their way to what they predicted would be a perfectly comfortable retirement. (Source: Yahoo Finance) Click here to read the full article

Published on Sep 26, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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