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S&P Closes on New Record High as Stocks Inch Upward

By  +Follow December 9, 2013 2:17PM
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Stocks pared back early gains to end the first trading day of the week modestly higher on Wall Street, as investors have little in the way of economic datato distract them from speculating on what announcement, if any, will be made regarding Federal Treasury spending at the conclusion of the central bank’s monthly policy meeting next week.

The Standard & Poor’s 500 index ended the day at a new record-high on a gain of 0.18 percent to 1,808.37 points, while the Dow Jones Industrial Average inched up a slight 0.03 percent to 16,025.33 points, and the NASDAQ was 0.15 percent higher at 4,068.75.

McDonald’s Corp. (MCD) dropped over 1 percent on the day, but the Dow got plenty of support on the upside with gains for General Electric (GE) , Microsoft (MSFT) , and oil & gas giant Chevron (CVX) .

On the S&P 500, major food retailer Sysco Corp. (SYY) closed the day nearly 10 percent higher on the most volume of any stock on the index after the announcement of its $3.5 billion merger with US Foods, a move that could increase the company’s sales by nearly 50 percent. Tech companies rose on heavy trading as well, with gains for Micron Technology (MU) , Intel (INTC) , and AT&T (T) .

On the NASDAQ, shares for Israeli medical appliance manufacturer Given Imaging Ltd. (GIVN) jumped over 27 percent by the closing bell after Sunday’s announcementthat the company was being purchased for $680 million by Covidien Plc. (COV) . Biotech firms Gilead Sciences (GILD) , Ariad Pharmaceuticals (ARIA) , and Infinity Pharmaceuticals (INFI) also notched gains.

Social media/mobile-based techs performed well, with Facebook (FB) up nearly 2 percent and Groupon (GRPN) adding over 5.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for GRPN
Carolyn B Miciano
4 Mar 15 17:30:51
Detailed Options market structure analysis http://t.co/zcwYh2PI6m $INTC $EBAY $GRPN
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4 Mar 15 17:26:03
$GRPN: Analysts' Recent Ratings Updates for Groupon (GRPN): http://t.co/NS6tnJ9ILI
Berwood Baston
4 Mar 15 17:20:04
$AMZN Amazon in talks to buy $GRPN Groupon for 7B over $8 a share!! Will $FB Facebook or $GOOG Google step in?
US Banking News
4 Mar 15 17:18:59
Analysts’ Recent Ratings Updates for Groupon $GRPN http://t.co/rzdhfCCRLO
InterCooler
4 Mar 15 17:17:43
Analysts’ Recent Ratings Updates for Groupon $GRPN http://t.co/yzJ3FczsGE
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Carolyn B Miciano
4 Mar 15 14:45:34
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4 Mar 15 12:09:18
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4 Mar 15 10:37:02
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leahanne
4 Mar 15 09:47:29
Volume Alert - GRPN 7.87 Groupon Inc $GRPN Hit a high today of 8.00 Closing the day 10:30 at 7.87 -0.18 -2.24% http://t.co/IYm0Vufx7Q
leahanne
4 Mar 15 09:47:06
$GRPN Volume Alert - GRPN Stock 7.87 Groupon Inc $GRPN Hit a high today of 8.00 Closing the day 10:30 at 7.87 -0.18 http://t.co/SOsRvH4Kr3
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4 Mar 15 08:30:45
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Mike Kudrna
4 Mar 15 08:09:34
Still not a big enough pullback from cost basis for me to add to $GRPN. This is a LT trade based on their new $GRUB system starting up soon
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4 Mar 15 07:58:37
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Edward Graham
4 Mar 15 07:50:49
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Edward Graham
4 Mar 15 07:48:59
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4 Mar 15 07:20:25
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4 Mar 15 06:12:52
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$AXP $GRPN: Apple Inc., Google Inc Browsers Prone To 'FREAK Attack': http://t.co/OXiS3nOM93
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4 Mar 15 04:36:45
$AMZN in talks to buy $GRPN for 7B. $FB should have bought them instead of Oculus. Will $GOOG step in?
WLST.com
4 Mar 15 04:24:57
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4 Mar 15 04:24:49
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4 Mar 15 04:24:49
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4 Mar 15 04:16:04
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4 Mar 15 03:40:53
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4 Mar 15 03:30:08
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4 Mar 15 02:53:35
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4 Mar 15 02:31:03
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Breaking News Now
3 Mar 15 20:21:02
$GRPN: Groupon CTO Sri Viswanath Sells 11703 Shares (GRPN): http://t.co/oFVrrtZgcs
Sleek Money
3 Mar 15 20:20:21
Groupon CTO Sri Viswanath Sells 11,703 Shares $GRPN http://t.co/JgWYcxCANe
US Banking News
3 Mar 15 19:54:21
Insider Selling: Sri Viswanath Sells 11,703 Shares of Groupon Stock $GRPN http://t.co/3O8gbYKyno
The Legacy News
3 Mar 15 19:42:12
Insider Selling: Sri Viswanath Sells 11,703 Shares of Groupon Stock $GRPN http://t.co/fFOkHfkLKu
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3 Mar 15 19:38:04
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By  +Follow December 9, 2013 2:17PM
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