Stocks close higher. Microsoft surges.

Stocks rose on Wall Street Friday with a big jump in Microsoft lifting the Dow Jones Industrial average.Stocks stumbled at mid-morning after the government reported a plunge in new home sales, then drifted 4-3-13 best stocks to buy? steadily higher in the afternoon. By Steve Rothwell,Associated Press / August 23, 2013 Trader John Santiago, left, and John Liotti work on the floor of the New York Stock Exchange. Stocks have sagged in August on concerns that the Federal Reserve will start to pull back on its economic stimulus. Richard Drew/AP/File The Christian Science Monitor Weekly Digital Edition Microsoft had its biggest gain in four years after CEO Steve Ballmer said he will retire.
Source: http://www.csmonitor.com/Business/Latest-News-Wires/2013/0823/Stocks-close-higher.-Microsoft-surges

U.S. Stocks Rise Amid Plunge in Home Sales, Fed Gathering

The S&P Supercomposite Homebuilding Index sank 3.1 percent, with all 11 members declining. PulteGroup Inc. retreated 1.6 percent to $16.06 and D.R. Horton slid 2.9 percent to $18.73.
Source: http://www.bloomberg.com/news/2013-08-23/u-s-stock-index-futures-little-changed-before-house-data.html

Tech stocks: Pandora shares plunge

The Nasdaq climbed 1.1% to 3,638.71. The highly unusual flash freeze that crippled Nasdaq and blocked trading in Apple, Facebook and other popular stocks did not appear to have been caused by computer hacking, said a federal law enforcement official who did not want to be named because he was not authorized to speak publicly on the episode. Before the opening bell, Bob Greifeld, the CEO of Nasdaq-OMX, told CNBC that he was “deeply disappointed with what happened yesterday,” but defended the exchange’s handling of the long trading delay. He was responding to critics that say the Nasdaq failed to communicate adequately with the public.
Source: http://www.usatoday.com/story/money/markets/2013/08/23/stocks-friday/2690715/

Deere among 10 stocks to watch

23 Company 9 StockScouter beats the market Here at MSN Money, we think our StockScouter rating system is about as good as it gets when you’re trying to decide where to invest. StockScouter looks for stocks whose business fundamentals, price behavior, valuation and stock-ownership characteristics appear to predict a rising price in the future, based on how those factors have influenced stock prices in the past. The system assigns each stock an expected six-month return and balances that return against the stock’s expected volatility. Scouter rates stocks on a scale of 1 to 10, and ratings can change daily. Ratings and data in the chart above were current as of this article’s publication date. In addition to the daily top 10 list described above, StockScouter is used by investment research firm Verus Analytics (previously known as the quantitative business unit of Gradient Analytics) to generate a monthly benchmark portfolio of stocks that, refreshed monthly, has outperformed the market since its inception in August 2001.
Source: http://money.msn.com/stock-broker-guided/deere-among-10-stocks-to-watch

Stocks end up; glitch-free day for Nasdaq

13, 2013, file photo, Trader Frederick Reimer works on the floor of the New York Stock Exchange. Encouraging economic figures from Asia and Europe helped stocks advance and broke a six-day losing streak for the Dow Jones industrial average on Thursday, Aug.22, 2013, though trading on the Nasdaq was interrupted by a technical glitch just after midday. Photo: Richard Drew FILE – In this Tuesday, Aug. 13, 2013, file photo, Trader Frederick…
Source: http://www.sfgate.com/news/article/Stocks-end-higher-on-Wall-Street-Microsoft-jumps-4756611.php

Stocks end higher on Wall Street; Microsoft jumps

dollar to buy assets in countries with higher interest rates. As investors started to rethink prospects for U.S. rates the trade started to fall apart , extinguishing funding to bid up Brazilian stocks or the Australian dollar. Everyone was making big bets on emerging-markets fixed-income instruments and local currencies, said Mark Mobius , executive chairman of Franklin Templetons Templeton Emerging Markets Group.
Source: http://www.marketwatch.com/story/carry-trade-unwind-could-spell-trouble-for-stocks-2013-08-23

Carry-trade unwind could spell trouble for stocks

Despite second-quarter results that topped analyst Post to Facebook Tech stocks: Pandora shares plunge on USAToday.com: http://usat.ly/1bZVaaV Incorrect please try again A link has been posted to your Facebook feed. Sent! A link has been sent to your friend’s email address. 1 To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Tech stocks: Pandora shares plunge Brett Molina, USA TODAY 7:59 a.m.
Source: http://www.usatoday.com/story/tech/2013/08/23/tech-stocks-pandora/2690891/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s