Search

U.S. Stocks Post Fifth Straight Week of Gains

By: , dated November 21st, 2014

Weekly Wrap Up

The strong week for U.S. stocks wrapped up with the Dow Jones and S&P 500 ending at new record closes on Friday. Even Nasdaq is pushing closer to it’s record high, that hasn’t been achieved in over 14 years. The minutes from the Fed’s October meeting was released this week and showed that policy makers were having a large debate over the timing of raising the interest rates.

Google (GOOG) is currently experimenting with a new service, called Contributor, that will give users the option to pay between $1 and $3 a month to turn off ads on some of your favorite websites. This service will block all ads that are completely hosted by Google, but won’t block ads that the websites themselves may have. Apple’s (AAPL) stock hit another all time high this week, now the tech stock sits just 1.7% away from its 18-month price target of $118.54.

Economic News

NewsWatch: Don’t Get Carried Away By Rising Stocks
Euphoria has set in, and investors will be in for a rude awakening, writes Mark Hulbert. (Source: Market Watch) Click here to read the full article

Commodities Could Lead to Banks Needing Another Bailout: Experts
Two experts tell a Senate committee that some banks getting involved with commodities might increase the prospect for another bailout. (Source: Market Watch) Click here to read the full article

Business News

GameStop (GME) Stock Pummeled after Third Quarter Results
Shares of GameStop Corporation (GME) were down -3.99 or -9.16 percent to $39.55 in premarket trading this morning after the company reported lower than expected earnings for the third quarter after the market close on Thursday. (Source: InvestorGuide) Click here to read the full article

Virgin America (VA) Up in Aftermath of IPO
Shares of Burlingame, California based Virgin America, Inc. (VA) rose sharply on Tuesday, amid a modest up day on Wall Street overall. (Source: InvestorGuide) Click here to read the full article

Aereo Files for Bankruptcy in Wake of Legal Setback
Streaming video pioneer Aereo has filed for Chapter 11 reorganization five months after a Supreme Court decision forced the company to shut down. (Source: USA Today) Click here to read the full article

Technology Focus

GoPro (GPR) Announces Pricing on Secondary Public Offering
Shares of GoPro Inc. (GPRO) were trading down -4.84 or -6.12 percent to $74.25 in this morning’s premarket after the company announced the price of a secondary offering of stock late yesterday after the market close.  (Source: InvestorGuide) Click here to read the full article

Amazon, Microsoft, Google Fuel Up Renewable Energy Pledges
E-commerce pioneer Amazon joined Walmart this week in pledging a 100 percent commitment to renewable energy. Like the brick-and-mortar retailer, it hasn’t said exactly when and how it will pull this off. (Source: Forbes) Click here to read the full article

Your Money

42 Things You Can Do Right Away to Spend Less Money
When it comes to putting more money in your pocket, there are two ways to do it: earn more or spend less. (Source: Yahoo Finance) Click here to read the full article

5 Ways to Put Money to Work for You 
Most of us need to work in order to get money. But your money can also work for you. (Source: Yahoo Finance) Click here to read the full article

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

Copyrighted by InvestorGuide.com. All rights reserved.

Leave a Reply