Record Closes & The Feds Announcement Highlight the Week

Weekly Wrap Up


A roller coaster month for stocks ends on a high note as the Dow Jones and S&P 500 close out October with record highs. This week the Fed announced that they would be putting an end to their bond buying program that began in 2008. The Fed believes that the program has successfully completed it job of helping support U.S. economic growth over the past 6 years, specially assisting to end the recession. However, the Fed has no immediate plans to raise the near-zero interest rates until at least mid-2015.

Gas prices continue to fall further throughout the United States as the national average is now at $3 a gallon.
The national average is expected to fall under $3 over the weekend for the first time in four years. Starbucks (SBUX) announced this week that they are looking to offer limited food and beverage delivery in some markets in the second half of 2015. But this idea has some investors wondering how they can pull this off.

Economic News


Fed Ends Bond Buying But Keeps Low-Rate Pledge
Despite stock market volatility and global economic troubles, the Federal Reserve on Wednesday agreed to end bond purchases that have supported U.S. economic growth since the 2008 financial crisis, marking a milestone in the five-year-old recovery. (Source: USA Today) Click here to read the full article

Gold Touches Four-Year Low Friday; US Jobs Data Awaits Next Week
Talk about a Halloween trick for bullish gold traders: the yellow metal fell to its lowest level in four years, as the U.S. dollar rose on the bank of unexpected stimulus by the Bank of Japan. (Source: Forbes) Click here to read the full article

Business News


(C)
Shares of Citigroup Inc. (C) were trading down -0.75 or -1.41 percent to $52.40 per share in pre-market trading on Friday, after the company announced it was downwardly adjusting its third quarter earnings due to increased legal costs. (Source: InvestorGuide) Click here to read the full article

(LAKE)
Shares of Lakeland Industries Inc. (LAKE) were up +4.11 or +35.49 percent to $15.69 per share in Thursday’s premarket, after the company released an update to its business activities following the stock market close yesterday. (Source: InvestorGuide) Click here to read the full article

Microsoft Has Fired Its Entire Global Advertising Sales Team
Microsoft has made its entire global advertising sales team redundant, sources have told Business Insider. (Source: Business Insider) Click here to read the full article

Technology Focus


(TWTR)
Shares of Twitter Inc. (TWTR) were trading down -6.66 or -13.71 percent to $41.90 per share in Tuesday’s premarket after the company announced third quarter earnings after the close yesterday. (Source: InvestorGuide) Click here to read the full article

BlackBerry Messenger Lets You Take Back That Text
But satisfying Wall Street's extremely high expectations for his company when Facebook reports its third quarter results on Tuesday may prove to be even more difficult. (Source: Yahoo News) Click here to read the full article

Your Money


5 Sneaky Tricks Retailer Use to Trigger Overspending 
If you always find yourself overspending -- no matter how many lists you make -- you may be falling for some commonly used marketing ploys retailers use to trigger that next spending spree. (Source: Yahoo Finance) Click here to read the full article

20 Smart Ways to Save Money 
Preserve more of your paycheck with these easy penny-pinching tricks. (Source: Good Housekeeping) Click here to read the full article

Published on Oct 31, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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