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Record Closes for Dow Jones & S&P 500 Highlight the Week

By: , dated November 7th, 2014

Weekly Wrap Up

Record finishes for the Dow Jones and S&P 500 continued this week as the two stock indexes closed on Friday with their 22nd and 38th record closes of the year. November has begun on a high note but only time will tell if this November will live up to its market-friendly reputation. November has historically been known as the Dow’s second-best performing month, so many investors are hoping that this tradition continues.

Mid-term elections occurred this week and the Republican party took back the senate, which could be a good sign for investors. Historically, a Republican-led Congress and a Democratic president has proved to be favorable for investors. Crude oil prices continued to fall this week, dipping to a 3-year low. Early in the week prices fell as low as $75.84 a barrel, down nearly 30% from its June high of $108 a barrel.

Economic News

U.S. Creates 214,000 Jobs in October; Unemployment Rate Falls To 5.8 Percent
The U.S. economy added 214,000 jobs in October, as the unemployment rate fell to 5.8 percent, the Bureau of Labor Statistics reported Friday. (Source: Huffington Post) Click here to read the full article

Jobs Data Show Steady Gains Even as Voters Signal Anxiety
While the report was upbeat, with a survey finding a big increase in the number of people who found a job last month, wage growth continued to drag. (Source: New York Times) Click here to read the full article

Business News

Five Stocks to Watch in November 
The U.S. stock market resumed its rally last month after declining in September, hitting new record highs to close the month of October. (Source: InvestorGuide) Click here to read the full article

Red Robin Gourmet Burgers (RRGB) Surges on Higher Revenue
Shares of Greenwood, Colorado, based Red Robin Gourmet Burgers, Inc. (RRGB) rose sharply on Tuesday, on a mixed day on Wall Street. (Source: InvestorGuide) Click here to read the full article

Sapient (SAPE) to be Acquired by Publicis Group 
Shares of the Sapient Corporation (SAPE) were up +7.21 or +41.63 percent to $24.53 per share in Monday’s premarket after the company announced early this morning that it will be taken over by the French advertising giant Publicis Groupe. (Source: InvestorGuide) Click here to read the full article

Technology Focus

You Might Not Need a Mobile Carrier in 2020
Wi-Fi is ubiquitous. No longer the realm of coffee shops and homes, Wi-Fi spans entire neighborhoods. Trains, planes and automobiles are Wi-Fi equipped.(Source: CNN Money) Click here to read the full article

Sierra Wireless (SWIR) Stock Up on Better than Expected 3Q Earnings
Shares of the Sierra Wireless Inc. (SWIR) were trading up +5.46 or +20.57 percent to $32.00 per share in Thursday’s premarket after the company announced better than expected results for the company fiscal third quarter. (Source: InvestorGuide) Click here to read the full article

Your Money

$450 Credit Cards: Should You Pay For Premium Plastic?
Banks are pitching credit cards with annual fees more aggressively this year. Before you sign up, consider whether it makes sense to pay up to $500 a year for the perks that come with premium plastic. (Source: Yahoo Finance) Click here to read the full article

5 Reasons Not to Use Credit Card as Emergency Fund
No one likes to think about falling victim to a major emergency, but we all know that misfortune could strike at any time. (Source: USA Today) Click here to read the full article

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

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