Verizon Hopes to Entice Cord-Cutters; Dow and S&P 500 Close at New Record Highs
The Dow Jones and S&P 500's winning streak continued as both stock indexes closed the day with new record highs. Wall Street is hoping that the momentum will continue into this shortened holiday week. Verizon (VZ) is offering a new TV and internet package in hopes of enticing cord cutters. For only $59.99 a month, subscribers will be given an internet package, local TV channels, Showtime, HBO, and Netflix. Apple's (AAPL) stock hit another record high today of $117.65, giving the technology giant a never-before-seen value of $690 billion.
Word on the Street
- What to expect from the economy this week.
- United Technologies (UTX) CFO appointed as new CEO.
- GoDaddy to return to SuperBowl commercial.
- Verizon (VZ) creates media package for cord cutters.
- 2 stocks that could gain as much as 60%.
- RadioShack (RSH) struggles as it is stuck in the past.
- Platinum Underwriters (PTP) to be acquired by RenaissanceRE Holdings.