Record Finishes Continued Throughout the Week

Weekly Wrap Up

The Dow Jones and the S&P 500 continued to push further into record territory; both stock indexes had multiple record closes throughout the week. Strategists are confident that the stock market will continue to move "sideways to up" for the rest of the year after narrowly missing a correction in October. Crude oil prices continued to fall throughout the week, trading at $74.21 a barrel on Thursday. Oil prices are currently at their lowest level since September 2010.

Virgin America (VA) had a very successful IPO debut on Friday, ending the day up 30% from its IPO price.
The race to be the Most Valuable U.S. company just heated up as Microsoft (MSFT) pulled ahead of oil giant Exxon Mobil (XOM). Apple (AAPL) still holds the top spot with a market value of $667.2 billion, followed by Microsoft at $410.5 billion. The top 5 is rounded out by Exxon Mobil, Google (GOOG), and Berkshire Hathaway (BRK.A).

Economic News

The Market Has Done This Just 4 Times in the Last 20 Years
Something rare and potentially very dangerous is happening in the market right now. And if history is any indication, it could spell short-term pain. (Source: Yahoo Finance) Click here to read the full article

Europe Dodges a Recession - Barely
Eurozone GDP grew by 0.2% in the third quarter, compared with the second, as its two biggest economies produced a stronger than expected performance. (Source: CNN Money) Click here to read the full article

Business News

Shares of DreamWorks Animation SKG Inc. (DWA) were trading up +4.76 or +21.28 percent to $27.13 per share in Thursday’s premarket, after news that the company was in early talks with Hasbro Inc. (HAS) for the toymaker to take over the animation studio. (Source: InvestorGuide) Click here to read the full article

Shares of Boston, Massachusetts based Wayfair Inc. (W) fell sharply on Tuesday amid a strong advance in stocks across the board. (Source: InvestorGuide) Click here to read the full article

Shares of the LightinTheBox Holding Co. Ltd. (LITB) were up +1.16 or +15.38 percent in Tuesday’s premarket after announcing a strategic deal with Baidu Dianxin. (Source: InvestorGuide) Click here to read the full article

Technology Focus

Twitter Trashed with 'Junk' Rating from S&P
Ratings agency Standard & Poor's assigned Twitter's recent bond offering with a "junk" rating Thursday, indicating it has a relatively low view of Twitter's ability to repay its debts. (Source: CNN Money) Click here to read the full article

Will IBM Rise Again? 
IBM has been very kind to Wall Street lately—with shareholder-friendly policies like stock buybacks and dividend hikes. (Source: Forbes) Click here to read the full article

Your Money

3 Reasons You'll Likely Get a Raise in 2015 
Yet while jobs have returned, wages have remained relatively stagnant, rising just 2% in the past year. (Source: CNN Money) Click here to read the full article

Black Friday Doesn't Have the Best Deals
The monikers Black Friday and Cyber Monday have become linguistic pawns in the retail discount game as stores take "doorbusters" digital and dangle "Black Friday" sales in front of customers weeks before the actual event. (Source: USA Today) Click here to read the full article

Published on Nov 14, 2014
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

Posted in ...