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Daily Market Commentary

Apple’s iPhone 6 Release Overshadowed By Alibaba’s IPO Debut

September 19th, 2014

The streak continues as the Dow Jones closes at a record high for a third straight day. Alibaba’s (BABA) IPO was the big story of the day, overshadowing the release of Apple’s (AAPL) iPhone 6. Alibaba’s IPO was set for $68 but surged 38% throughout the trading day to end at $93.89. Alibaba also now
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The Dow Jones and S&P 500 End the Day With Record Highs

September 18th, 2014

The Dow Jones continued its record streak, finishing with a record close for the second day in a row. But the Dow wasn’t alone today, the S&P 500 also closed the day with a record high. Oracle’s (ORCL) co-founder, Larry Ellison, is planning on stepping down from his position as CEO. Ellison will remain the
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Dow Closes With a Record High; Fed Set on Keeping Interest Rates Low

September 17th, 2014

The Dow Jones finishes the day with a record close, mainly due to the Fed saying that the will keep interest rates low for the foreseeable future. Janet Yellen announced today that the Fed does not have a timeline for when they expect to raise interest rates. Food stocks suffered today, in part due to
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Investors Fixate on Fed’s Meeting; Final Wave of Microsoft Layoffs Expected This Week

September 16th, 2014

Stocks end the day up, with the Dow Jones finishing just below a record close. Investors are keeping a close eye of the Fed’s 2-day meeting and are waiting anxiously to hear what the Fed’s policymakers have to say regarding interest rates. Many are fixating on whether there will be a change in the notion
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Tech Stocks Plunge; FOMC Meeting Begins Tomorrow

September 15th, 2014

U.S. stocks end the day mixed with the Dow Jones ending the day up, while the S&P 500 and the Dow Jones ended the day in the red. The demand for Alibaba’s IPO may be sinking tech stocks. Alibaba nearing IPO debut may be prompting sales of other tech related stocks; Facebook (FB) fell 4%,
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U.S. Stocks Post First Weekly Loss in 6 Weeks; Retail Sales Up 0.6%

September 12th, 2014

U.S. stocks end the day down, posting their first weekly loss in 6 weeks. Target’s (TGT) new CEO, the first to be hired from outside the company, looks to bring in change and a new perspective as the retailer is still struggling to recover from the massive security breach that occurred at the end of
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RadioShack Quickly Running Out of Cash; Unemployment Claims Hit Two-Month High

September 11th, 2014

Stocks end the day mixed partially due to weak jobs data. 315,000 Americans filed unemployment claims last week, hitting the highest level in 10 weeks. Economists believe that there is nothing to worry about as data can be volatile around holidays and we should be seeing a decrease in unemployment claims this week. RadioShack (RSH)
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Dollar General to Take $9.1B Bid Directly to Family Dollar’s Shareholders

September 10th, 2014

Stocks ended the day up, snapping the chance that they would end down for three straight days. Dollar General (DG) really wants to purchase Family Dollar (FDO). Dollar General has plans to takes its $9.1 billion offer directly for Family Dollar’s shareholders in an attempt for a hostile takeover. Dollar General’s offer has been rejected
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All About Apple – Apple Unveils the iPhone 6 & Apple Watch

September 9th, 2014

Stocks end the day down for the second straight day as the Dow falls nearly 100 points. Apple’s (AAPL) much awaited unveiling was today. As expected, the tech giant unveiled two versions of the iPhone 6, iOS 8, Apple Pay, and the Apple Watch. These new products and features will start becoming available to the
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Electrolux Purchases GE Applicance; Amazon Drops Fire Phone Price

September 8th, 2014

Stocks end the day mixed as the S&P 500 retreats from its record close on Friday. Swedish appliance company Electrolux has purchased GE Appliances for $3.3 billion. The deal will likely be finalized in 2015, but it still has yet to pass regulatory approval. If history repeats itself, Apple’s (AAPL) stock is expected to end
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Only 142,000 Jobs Added in August; Unemployment Falls to 6.1%

September 5th, 2014

The U.S. stock indexes recovered from yesterday’s loss and then some, with the S&P 500 ending the day with yet another record close. The August jobs report was released today, and it missed the mark. Only 142,000 jobs were added last month, significantly missing expectations for 230,000. On the bright side, the unemployment rate fell
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U.S. Wealth Gap Widened from 2010-2013; Apple’s Stocks Fall Further

September 4th, 2014

All three main U.S. indexes end the day slightly down. The Fed announced today that the wealth gap in the U.S. widened from 2010-2013. Inflation-adjusted income also fell during that time period for all but the richest U.S. households, with the median income levels falling 5%. After hitting a record high a couple of weeks
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Fed Releases Latest Beige Book; Telsa is Building Battery Factory in Nevada

September 3rd, 2014

Stocks end the day once again mixed. Tesla (TSLA) is planning on building its new $4 billion battery Gigafactory in Nevada. This factory will employ nearly 6,500 near Reno. The Federal Reserve released the latest version of its beige book today and stated that economy expanded at a modest to moderate pace over the past
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Home Depot May Have Been Hacked; Will the S&P 500 Reach 3000?

September 2nd, 2014

Stocks end mixed on the first trading day of September. It seems like Home Depot (HD) is the newest company to fall victims to a security breach. A massive number of credit and debit card information went on sale today on an underground site, and they may be from Home Depot. The people who are
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Will September’s Volatile Reputation Live On?

August 29th, 2014

The S&P 500 pushes further into record territory to end the month. The Dow Jones and S&P 500 have posted gains for 4 weeks in a row, but the real test will come in September. Stocks are likely to turn more volatile next month since September has typically been the worst-performing month for the Dow
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Apple Finalizes Sept. 9th Event; JPMorgan Victim of Very Sophisticated Cyberattack

August 28th, 2014

Stocks retreated from record highs today as conflict continues to escalate in Ukraine. Apple (AAPL) confirmed that they will be holding an event and making a huge announcement on September 9th. It is anticipated that the tech giant will be unveiling its two versions of the iPhone 6, a version with a 4.7 inch screen
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LendingClub Files for IPO; SnapChat Valued at More Than $10B

August 27th, 2014

U.S. stocks end the day mixed as the S&P 500 pushes further into record territory. It seems like SnapChat CEO, Evan Spiegel, made a good decision when he turned down Facebook’s (FB) offer to purchase the company for $3 billion, as SnapChat is now valued at more than $10 billion. The company recently fetched a
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S&P 500 Closes Above 2000; Mobileye is the Hottest IPO of the Summer

August 26th, 2014

The S&P 500 set history today, finishing the day above 2,000 for the first time ever. The Dow Jones and Nasdaq also finished the day in the green. Mobileye (MBLY) seems to be one of the hottest IPOs of the summer, with its shares trading nearly 60% above its IPO price. Mobileye designs technology that
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Burger King Up on Talks With Tim Hortons; S&P 500 Finishes Just Shy of 2000

August 25th, 2014

The S&P 500 finished at yet another record high, but ended the day just shy of 2000 at 1997.92. The S&P 500 did however trade above 2000 for the first time ever during part of the day. Burger King’s (BKW) shares were up as high as 23% during the trading today on talks of merging
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McDonald’s Names New U.S. President; eBay Considering Spinning Off PayPal

August 22nd, 2014

Stocks close the day mixed with Nasdaq ending the day in the green, while the S&P 500 and Dow Jones closed the day down. In hopes of turning around business, McDonald’s (MCD) named Mike Andres as its new president for the U.S. division. Andres will become the second McDonald’s U.S. president in 2 years. eBay’s
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