September's Bad Rep for Stocks Lives On; Microsoft Unveils Windows 10
U.S. stocks end the day down, to cap of an overall down month. September is notoriously known as the worst-performing month of the year for stocks and things were no different in 2014, as the S&P 500 fell 1.5% in September and Nasdaq shed 1.9% this past month. Microsoft (MSFT) showed off its flagship operating system, Windows 10 today. Microsoft, however, did not announce when their newest operating system would be made available to the public. eBay (EBAY) unveiled the big news that it will be spinning off PayPal into a separate company.Carl Ichan has been pushing eBay to spin off PayPal since February, and he will get his wish beginning in 2015.
Word on the Street
- U.S. economy continues to stabilize, spending up 0.5%.
- September's bad rep for stocks lives up.
- eBay (EBAY) plans to spin off PayPal into separate company.
- Microsoft (MSFT) introduces Windows 10.
- Macy's (M) to hire around 86,000 seasonal holiday workers.
- Ford's (F) stock fell 7.5% yesterday.
- DreamWorks (DWA) rumored to be in talks with Softbank.
Published on Sep 30, 2014By InvestorGuide Staff