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Stocks End Higher Ahead Of The Weekend On Disappointing Home Sales

By  +Follow August 23, 2013 1:01PM
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 Wall Street ended Friday on a positive note to close a week that otherwise saw the US stock market experiencing the biggest outflow of investor cash in about five years.

According to the Department of Housing, new home sales dropped a precipitous 13.4 percent on a month-to-month basis during July, far more than the modest 2 percent drop that had been expected by economists. June’s 8.3 percent rise in new home sales was also revised significantly downward to 3.6 percent.

The housing data was received favorably by investors, however, who have recently found comfort in any news that they believe could forestall the Fed’s inevitable reduction of fiscal stimulus spending, an event that the Central Bank has said is conditional upon the continuing improvement of the economy.

The Standard & Poor’s 500 closed the day 0.39 higher at 1,663.47 points, while the Dow Jones Industrial Average finished up 0.31 percent to 15,010.36, with the NASDAQ ending at 3,657.79 points, up 0.52 percent.

Microsoft (MSFT) was one of the day’s success stories, as the company announced the departure of CEO Steve Ballmer within the next 12 months. Ballmer has largely been credited for the company’s relative non-presence in an increasingly fluid tech economy that has shifted emphasis to mobile devices and cloud computing. Shares ticked up sharply on the news, with shares closing on an advance of 7.2 percent to end the day at $34.72.

On the S&P 500, Microsoft’s news was accompanied by heavy trading for tech shares that translated into gains for AT&T (T) , Hewlett-Packard (HPQ) , Intel (INTC) , and Yahoo! (YHOO) who advanced on news that it had surpassed rival Google (GOOG) in web traffic, while software company Autodesk (ADSK) rose 9 percent by the closing bell.

Tech stocks did well on the Dow too, with Verizon Communications (VZ) ending the day higher, and IBM (IBM) up slightly.

The NASDAQ saw Tesla Motors (TSLA) continue to its incredible year, ending the day up more than 2 percent, while online travel site Expedia (EXPE) and Facebook (FB) both ended the day around 5 percent higher. Green Mountain Coffee Roasters (GMCR) gained over 3 percent to close at $85.58 after its inclusion the previous day in the NASDAQ-100 list.

 

Results for gmcr
Vaughan Lowsley
24 Apr 14 01:06:51
Are you Bullish on these #stocks $CYN $GMCR $BIG $GOOG #wallstreet http://t.co/uLzd5danO8
Emerging Markets
24 Apr 14 00:13:13
$SODA has best day in 9 mos on report $SBUX talking 10% buy $pep $gmcr $ko http://t.co/FSsZYR2EoF
Albert Perales
23 Apr 14 23:53:31
Would you like great research on stocks $HSY $JW $GMCR $ABX #NASDAQ http://t.co/RvkiuDBVZ4
Informer
23 Apr 14 23:07:08
$GMCR: Starbucks might buy a stake in SodaStream http://t.co/k0ajzNEJoJ
Stockaholics
23 Apr 14 22:41:56
After 4,000% gains on picks so far in 2014, our Alert on $QASP is On the Move! Big News: http://t.co/KYyg9e2V2z $OCN $PNC $GMCR
Stock News 24
23 Apr 14 22:04:12
$GMCR - Starbucks might buy a stake in SodaStream -> http://t.co/7rwVB0CV7w #stock #stocks #stockaction
Stock Herald
23 Apr 14 20:12:12
$GMCR: SodaStream surges on Starbucks buyout talk http://t.co/3ysyVr6nbf
lvgs
23 Apr 14 19:53:00
RT @DF_Options: $SODA Keeping close eye on this... When $GMCR announced $KO deal it was on earnings news, does this $SBUX rumor come true t…
Stock News 24
23 Apr 14 19:49:12
$GMCR - SodaStream surges on Starbucks buyout talk -> http://t.co/pxGaT1nEsW #stock #stocks #stockaction
Stockaholics
23 Apr 14 19:34:45
After 4,000% gains on picks so far in 2014, our Alert on $QASP is On the Move! Big News: http://t.co/KYyg9e2V2z $OCN $PNC $GMCR
David Blocher
23 Apr 14 19:34:30
$GMCR - http://t.co/cAfegB9Uqy gap at $83.83 will likely be filled
Brick Brocky
23 Apr 14 19:06:53
$EBAY It could be breaktout time on $GMCR $HNT $VFC #financial http://t.co/7gXaxjoEeb
Delta Force Options
23 Apr 14 18:41:48
$SODA Keeping close eye on this... When $GMCR announced $KO deal it was on earnings news, does this $SBUX rumor come true tomorrow AH?
Thor Gelsonh
23 Apr 14 18:39:14
Are you looking for winners like $STZ $GMCR $LB $CI #liquidity TEMPORARILY_UNAVAILABLE
Investing Wizard
23 Apr 14 18:36:04
$SBNY Find more winners like $GMCR $LLY $TUR #economy TEMPORARILY_UNAVAILABLE
Brick Brocky
23 Apr 14 18:34:49
Are you looking to buy $GMCR $HNT $ADSK $SPY #NASDAQ TEMPORARILY_UNAVAILABLE
Cosmo Gonzalez
23 Apr 14 18:00:48
Awesome #Stock #Research on $GMCR $SCHW $PCLN $YOD View now TEMPORARILY_UNAVAILABLE
cowboytrader
23 Apr 14 17:44:00
RT @HedgeyeHWP: If $KO has an investment in $GMCR and $SBUX invested in $SODA where would that leave the $SBUX / $GMCR agreement/potential …
cowboytrader
23 Apr 14 17:43:47
RT @herbgreenberg: So let me get this straight: Per rumors, $SBUX buys stake in $SODA, owns stock in $GMCR which is partnered w/$KO for a S…
Gaige Gelsonya
23 Apr 14 17:43:37
Are you putting your money in $GMCR $NE $GS $CADX Give it a try TEMPORARILY_UNAVAILABLE
Trillidad Gainz
23 Apr 14 17:40:09
Also short $gmcr from Monday/Tuesday
Learnstocks101
23 Apr 14 17:04:49
Free video w/setups for Apr 24 "The AAPL Effect" $AAPL $CMG $GMCR $FB $SLV http://t.co/D8MfvoOUmU
KISERROLANDO608
23 Apr 14 16:53:42
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
HORSLEYRANDY319
23 Apr 14 16:53:27
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
LOPESPAUL6636
23 Apr 14 16:52:54
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
KEESELLIOT2856
23 Apr 14 16:52:42
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
Hendrika Edd
23 Apr 14 16:52:30
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
TOLLISONJEROMEf
23 Apr 14 16:52:25
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
ALLOWAYHOBERT41
23 Apr 14 16:52:22
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
LAHRDEVON9260
23 Apr 14 16:51:59
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
FGHIJAMBROSE755
23 Apr 14 16:51:57
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
YANEZPORTER2768
23 Apr 14 16:51:55
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
REDINGCHRISTIAN
23 Apr 14 16:51:49
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
STOCKDARYL4368
23 Apr 14 16:51:38
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
WORKSRHETTn8yt
23 Apr 14 16:51:35
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
Justina Fisk
23 Apr 14 16:51:30
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
WIMBISHCLAYTONQ
23 Apr 14 16:51:18
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
POUNDSABRAHAMFj
23 Apr 14 16:51:15
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
PUTNAMPASQUALE8
23 Apr 14 16:51:08
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
LOFTINHORACIO68
23 Apr 14 16:51:01
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
ANDUJARANDREbjJ
23 Apr 14 16:50:51
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
GEISSLERALANWYh
23 Apr 14 16:50:46
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
FOLGERAGUSTIN90
23 Apr 14 16:50:37
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
ALAMOGALE6305
23 Apr 14 16:50:33
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
MCGREWREIDrKQI
23 Apr 14 16:50:32
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
CLONTZCLINTON46
23 Apr 14 16:50:32
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
ADKINSONBURTON5
23 Apr 14 16:50:30
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
BALDERASHERB968
23 Apr 14 16:50:30
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
SEAVEYCARLOSkZN
23 Apr 14 16:50:06
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
PEGGJARVISevxD
23 Apr 14 16:50:01
RT @androsForm: $GMCR This chart does not look healthy...I bought May $85 puts this morning, doing well so far... http://t.co/OprYZCpEJm
				
				
By  +Follow August 23, 2013 1:01PM
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