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Weekly Market Recap

Yellen Nominated by Obama; Merge Creates the World’s Largest Airline Carrier

November 15th, 2013

Weekly Wrap Up The stock market continued to make headlines all week after setting, and then beating multiple record days. The S&P 500 and Dow Jones ended the week up for the sixth straight week. President Obama announced his nomination for the next chair of the Federal Reserve, Janet Yellen. During the Senate Banking Committee
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Twitter and the October Jobs Report Highlight the Week

November 8th, 2013

Weekly Wrap Up The week’s big news was that Twitter (TWTR) finally entered the market after many weeks of discussing terms and IPO prices. Thursday was its first day on the market and its stocks rose nearly 77% during the day and ended at $44.90 per share. While Friday wasn’t as successful for Twitter, share
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Stocks Finished In The Green; TWC With Poor 3Q

November 1st, 2013

Weekly Wrap Up After a recording break start to the week the three major stock indexes ended the week on a high note due to the strong manufacturing report. On Wednesday, the Federal Reserve announced that they decided to continue with their stimulus package and will continue spending at a rate of $85 billion per
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Stocks End With a Weekly Rise on Techs and Fed Taper Views

October 25th, 2013

Weekly Wrap Up The US stock markets saw another weekly gain because of several positive economic reports, corporate earnings, and the expectation that the Fed will continue its bond-buying program through the end of the year. Orders for durable goods rose on higher demand, while consumer sentiment in the US dropped to a ten month
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S&P Finishes Week at All-Time Record; Debt Deal and Earnings (GS, GOOG)

October 18th, 2013

Weekly Wrap Up This week the government shutdown in the US ended after what was 16 days of battling between the Senate and House of Representatives. Congress was able to reach an agreement that extends the debt ceiling until early 2014 when the similar funding decisions will need to be made. The markets continued their
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Street Sees First Weekly Gain in Three; Shutdown Continues (JPM, TSLA)

October 11th, 2013

Weekly Wrap Up Despite growing worries over the US debt ceiling debate and current government shutdown, the major indices were able to finish the week with the first gain in three weeks. Many leaders across the globe warned the US that if it defaults on its debt it would cause harsh repercussions for many countries.
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Markets End Mostly Lower on Government Shutdown, Debt Ceiling

October 4th, 2013

Weekly Wrap Up After Congress was unable to reach an agreement about funding, the US government shutdown for the first time in seventeen years on Tuesday. By Friday the closure dragged on to day four and anxiety and uncertainty continued to increase. Major markets ended with a weekly loss. The US debt ceiling decision is
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Street Ends Higher for the Week as the Fed Delays Taper (BBRY, JPM)

September 20th, 2013

Weekly Wrap Up

Despite a selloff on Friday, the major US indices all ended higher for the week. Midway through the week the Federal Reserve made a surprising announcement to continue with its economic stimulus, delaying the start of a taper until further notice. This caused markets to rally but eventually slip as uncertainity set in. Another important issue looming ahead is what government will do about budget deal deadlines.

Blackberry (BBRY: Charts, News) announced this week that it will be cutting 40% of its workforce, and that the company lost almost $1 billion in Q2. JP Morgan (JPM: Charts, News) settled “London Whale” trading investigations with $1 billion in payouts. As Apple (AAPL: Charts, News) gets ready to end its fourth fiscal quarter, the company was in focus for much of the week. Earlier on sales in China worried investors and by Friday the newest iPhone models launched. More Market News

Economic News

Bullard: Tapering More Likely if Jobs Improve
St. Louis Fed President James Bullard said on Friday that continuing improvement in job growth will increase the probability of tapering the Federal Reserve’s bond-buying program. (Source: MarketWatch) Click here to read the full article
US Economic Growth Gauge Holds at More Than Three-Year High
A measure of future U.S. economic growth held steady at its highest level in more than three years while the annualized growth rate hit a four-week high, a research group said on Friday. (Source: Yahoo!) Click here to read the full article
US Economy Shows Signs of Shrugging Off Higher Interest Rates
U.S. home resales surged in August to a 6-1/2-year high and factories grew busier early this month in the Mid-Atlantic region, signs that rising borrowing costs might be weighing only modestly on the economy. (Source: Yahoo!) Click here to read the full article

Business News

Ulta Salon Surges After Strong Second Quarter Earnings and Solid Guidance
Shares of cosmetics superstore Ulta Salon Cosmetics & Fragrance (ULTA: Charts, News) surged 17% last week, after the company announced an update to its third quarter earnings guidance. (Source: InvestorGuide) Click here to read the full article
ViroPharma Soars on Acquisition Chatter
Shares of ViroPharma (VPHM: Charts, News), which manufactures drugs for rare diseases, surged 28% last Friday. (Source: InvestorGuide) Click here to read the full article
Amarin’s Fish Oil Treatment Might Go Belly Up Soon
Shares of Amarin (AMRN: Charts, News), a biotech company focusing on treatments for cardiovascular disease, plunged last week after a prior court ruling involving GlaxoSmithKline (GSK: Charts, News) and Pronova Biopharma was overturned, clearing the way for generic versions of Lovaza, which will compete against Amarin’s only drug, Vascepa. (Source: InvestorGuide) Click here to read the full article

Technology Focus

The iPhone 5C Crushes Apple’s Hope of a Quick Rally
Apple (AAPL: Charts, News) investors were not too pleased last week after the company’s introduction of the iPhone 5C. (Source: InvestorGuide) Click here to read the full article
Microsoft Increases Dividend, New Stock Buyback Program
Shares of Microsoft Corp. (MSFT: Charts, News) closed up +0.13 or +0.39 percent to $32.93 per share on Tuesday, after the company announced it would boost its dividend by 22 percent and begin a $40 billion stock buyback program. (Source: InvestorGuide) Click here to read the full article

Your Money

Younger Investors’ Approach to Investing
Trying to glean differences among the generations makes for an interesting parlor game. But this week, three reports by big financial institutions offered insights into how investors in their 40s and 20s – known as Generation X and Generation Y – think about their personal finances in the broadest way. (Source: NY Times) Click here to read the full article
Deficits: Better Now, Worse Later
While lawmakers have made progress knocking back near-term deficits, they have done very little to rein in the country’s long-term debt. (Source: CNN) Click here to read the full article

Dow Has Second Best Week of 2013; Syria Tensions Ease (AAPL, VZ)

September 13th, 2013

Weekly Wrap Up This week it became apparent that investors and consumers have less confidence in the economy, as shown by the recent sentiment index, slowing job growth and a sales decline. The question of when the Fed will begin their taper still remains. Syria continued to be in focus but tension diminished after President
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Indices Gain Across the Board; Jobs Data and Syria in Focus

September 6th, 2013

Weekly Wrap Up After a disappointing series of sessions last week, this week stocks ended positively for the four days the US markets were open. The Dow was able to end its four-week losing streak. In focus was Syria and the most recent jobs data which was released on Thursday and Friday. Gold and oil
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Wall Street Off for the Week as Syria Causes Volatility (AAPL, CRM)

August 30th, 2013

Weekly Wrap Up
Attention shifted to global worries this week as the US mulled over a possible strike in Syria and worries grew over what the impact of such action would be. Despite a couple of positive days, the markets mostly saw declines and head…

Street Sees Mixed Week as Fed Taper Plans Remain Unclear

August 23rd, 2013

Weekly Wrap Up This week was full of volatile trading but ended on a positive note for the most part. Both Nasdaq and the S&P ended about 1.5% higher while the Dow lost about 1% for the week making it the index’s third consecutive loss. The Fed released minutes from their policy meeting this week
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Indices Fall to 5-Week Low as Markets Accept Taper Plans

August 16th, 2013

Weekly Wrap Up The markets were up and down for the past five days and ended on Friday with a significant weekly loss. On Thursday stocks saw the biggest one-day drop in almost two months after disappointing retail sales numbers and lackluster earnings. Retailers including Macy’s (M: Charts, News) and Nordstrom (JWN: Charts, News) were
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Dow Snaps 6-Week Streak as Taper Uncertainty Continues (YELP, FSLR)

August 9th, 2013

Weekly Wrap Up After six positive weekly gains in a row, the Dow Jones finally snapped its winning streak. The US markets fell four out of five days this week with light trading volume and mixed corporate earnings. Groupon (GRPN: Charts, News) surged earlier in the week on earnings and hopes for a turnaround while
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Wall Street Rides Social Media to the Top

August 1st, 2013

Weekly Wrap Up It was a good week for the markets as all the major indices posted week over week gains. Investors patiently waited for an underwhelming Friday jobs report. However, the Fed seemed to encourage traders when it announced Wednesday that it would continue its $85 billion monthly bond purchasing program. The private sector
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Dow Extends Positive Rally to 5 Weeks and US Sentiment Rises (AAPL, YHOO)

July 26th, 2013

Weekly Wrap Up
Throughout the week all three major US indices saw major gains, but overall mixed on average for the five sessions. Investors weighed corporate earnings that were both exceptional as well as below expectations. Starbucks (SBUX: Chart…

Oil Tallies 4-Week Gain; Street Shifts Focus to Earnings (BAC, MSFT)

July 19th, 2013

Weekly Wrap Up The focus this week remained on earnings reports from corporations within the US. Among companies that beat expectations were General Electric (GE: Charts, News), who was trading at a 5-year high by Friday, Bank of America (BAC: Charts, News) and Johson & Johnson (JNJ: Charts, News). Earlier in the week Tesla (TSLA:
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Gold and Oil End Much Higher for the Week; Earnings Season Begins

July 12th, 2013

Weekly Wrap Up This week kicked off the earnings season for corporations and led the markets into a series of positive sessions. After Alcoa (AA: Charts, News) released upbeat results and Ben Bernnake assured investors that the Fed would remain accommodating with its stimulus, Wall Street reached new record highs. Both the Dow and S&P
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US Markets On Track for a Quarterly Gain; Fed Taper in Focus (AAPL, FB)

June 28th, 2013

Weekly Wrap Up
Data as of 3:00 PM. After an initial selloff on Monday, a very strong three-day rally and mixed results on Friday, Wall Street moved toward a weekly gain. At the start of the week economic worries in Asian markets and the continued r…

Stocks Volatile This Week on Taper Plan from Fed (ORCL, FB)

June 21st, 2013

Weekly Wrap Up
This week of trading was very volatile with indices seeing the largest drop since November of 2011. Stocks were able to flatten out slightly by Friday after what was a strong reaction to the Fed’s comments of its plan to ease up on t…