logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

Stocks End Higher Ahead Of The Weekend On Disappointing Home Sales

By  +Follow August 23, 2013 1:01PM
Share:
Tickers Mentioned:

 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.

 

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.


Liked What You Read? Join Equities.com as a contributor and get eyeballs on your content FOR FREE!

Results for gmcr
Tom Wrigley
19 Dec 14 13:32:14
RT @alphatrends: VIDEO http://t.co/C6QoPjVQBz Stock Mkt Analysis for Wk Ending 12/19/14 $SPY $BABA $AAPL $GLD $EBAY $YHOO $GMCR $INFN $GOOGL
ZOZO
19 Dec 14 13:30:45
RT @alphatrends: VIDEO http://t.co/C6QoPjVQBz Stock Mkt Analysis for Wk Ending 12/19/14 $SPY $BABA $AAPL $GLD $EBAY $YHOO $GMCR $INFN $GOOGL
James DiPlata
19 Dec 14 13:28:38
RT @alphatrends: VIDEO http://t.co/C6QoPjVQBz Stock Mkt Analysis for Wk Ending 12/19/14 $SPY $BABA $AAPL $GLD $EBAY $YHOO $GMCR $INFN $GOOGL
kenr0966
19 Dec 14 13:27:38
RT @alphatrends: VIDEO http://t.co/C6QoPjVQBz Stock Mkt Analysis for Wk Ending 12/19/14 $SPY $BABA $AAPL $GLD $EBAY $YHOO $GMCR $INFN $GOOGL
Brian Shannon
19 Dec 14 13:26:40
VIDEO http://t.co/C6QoPjVQBz Stock Mkt Analysis for Wk Ending 12/19/14 $SPY $BABA $AAPL $GLD $EBAY $YHOO $GMCR $INFN $GOOGL
Shena Fagan
19 Dec 14 13:19:07
Bad #Invesments like got you down $GMCR $ISRG $ADSK $CAG #newsletter http://t.co/C7ajKDDWxI
strader55
19 Dec 14 13:02:53
Vish: $GMCR next week 141c .60x74 - Vish http://t.co/Lvwigf5XdP
Perfor Mance
19 Dec 14 13:01:43
Option Millionaires: Vish: $GMCR next week 141c .60x74 http://t.co/E24p5SP7iK
Gr8wklyoptions
19 Dec 14 12:32:41
$AAPL $AMZN $BABA $BIDU $FB $GILD $GMCR $GOOG $GPRO $GS $IWM $LNKD $NFLX $PCLN $QQQ $SBUX $SPY $TSLA $TWTR $USO $V $VXX $YHOO
Andrew
19 Dec 14 12:30:58
@STAUNCHWEALTH congrats. I've got my eyes on $gmcr calls for next week. Looks like it might break to the upside out of this wedge nice chart
Market Int Center
19 Dec 14 12:01:34
Potential Keurig Green Mountain $GMCR Trade Has 7.45% Downside Protection ( http://t.co/cvoIRmvylm )
Derald Muniz
19 Dec 14 11:29:13
Keurig Green Mountain is heading into the apex of this Wedge. $GMCR http://t.co/o8yJWnUtTL
Nga Craft
19 Dec 14 11:25:42
Todays Stocks you should be watching $PL $GMCR $MU $BLOX Give it a try http://t.co/cJG6cxt3VY
Vincent
19 Dec 14 11:12:02
$GMCR, however, still under 50 RSI, though, and less volume going into the weekend.
Vincent
19 Dec 14 11:10:34
$GMCR charts on multi-timeframes look enticing for a swing, too, coffee-coffee!
Savanna Teel
19 Dec 14 11:06:31
#Stocks you might want to hold onto $OKE $GMCR $AMCX $SLW Check out http://t.co/ERddyBl1li
Investors Hangout
19 Dec 14 10:42:32
DennyT: CSCO Stock Quote $CSCO $AUY $COST $GMCR $XIU.TO http://t.co/9L92IGlzD0
Investors Hangout
19 Dec 14 10:42:27
DennyT: CSCO Stock Quote $CSCO $AUY $COST $GMCR $XIU.TO http://t.co/D2ypSYRLmz
Penny Stock Secret
19 Dec 14 10:40:31
Make Money With BitCoin Every Single Day More Info Here http://t.co/SVqoMlijqL .. $OCN $PNC $GMCR
Wilburn Miller
19 Dec 14 10:22:44
Are you thinking of Investing in $BPOP $KBR $GMCR $QLYS #economy http://t.co/rFeHUh1gp9
DennyT
19 Dec 14 10:17:34
CSCO Stock Quote $CSCO $AUY $COST $GMCR $XIU.TO Opinion,Parabolic SAR,Low,Company News,Hit my list a few days http://t.co/11tlOzuMF3
Quantpost Cnsmr Good
19 Dec 14 10:03:48
$KO $GMCR News: "I'm Not Buying Coca-Cola Bottling Co. Consolidated Right Now…" http://t.co/lXqICnFl9M Board view: https://t.co/yS9FtS8OCY
Seeking Alpha
19 Dec 14 10:03:47
I'm Not Buying Coca-Cola Bottling Co. Consolidated Right Now http://t.co/XMVPkud7H4 $KO $GMCR $DPS $COKE
TV_Trading Ideas
19 Dec 14 09:52:53
GMCR $GMCR http://t.co/QlDlje7vIZ
Kym L
19 Dec 14 09:52:02
$GMCR Could be a Butterfly here off of weekly t/l https://t.co/JOLsOdaDD2 via http://t.co/xwjHFWIZcr
Stockaholics
19 Dec 14 09:42:47
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $OCN $PNC $GMCR
Lettie Hatfield
19 Dec 14 09:27:34
Dont want to lose like you did with $PNW $GMCR $FHN $BWP #financial http://t.co/ws2kQs1ERr
Investors Hangout
19 Dec 14 09:24:46
clayton: $GMCR 137.61 http://t.co/qPI4B2bsgc
Investors Hangout
19 Dec 14 09:24:24
clayton: $GMCR 137.61 http://t.co/y4X71VAOkC
clayton
19 Dec 14 09:18:36
$GMCR 137.61 http://t.co/vyuWhtKETe
DennyT
19 Dec 14 09:10:22
FB Filings and Disclosure $FB $ACN $GLW $EDR.TO $GMCR Buy or Sell?,Current Price,High,News,On Radar Stock Quot http://t.co/CKmD5iT0Ph
Carlyn Mccloskey
19 Dec 14 09:09:12
Insider Trading alerts on $PBI $GMCR $FRT $QLYS Give it a try http://t.co/1eyrZlzUJ0
JE$US
19 Dec 14 08:51:31
Not much action today, but $YELP calls in high demand.. Other than that, unusual buyer $ESI & small sweep of $GMCR calls
Perfor Mance
19 Dec 14 08:36:13
Option Millionaires: Vish: $GMCR deja vu ? http://t.co/23TGGE6dJo
Adria Ostrander
19 Dec 14 08:18:22
Looking for the next $OII $HUM $GMCR $IBM #liquidity http://t.co/MP1KpEFRLO
Travis Howard
19 Dec 14 08:15:54
$GMCR buy calls now chart https://t.co/vAnlzkEpNT via http://t.co/j4pY1PQbeN
Sunrise Trader
19 Dec 14 08:03:18
@livetradepro good one lol @traderstewie $GMCR
Etos Etana
19 Dec 14 08:02:22
RT @IHPosts: DennyT: GMCR Press Releases $GMCR $LNG $MCD $FEYE $RAD http://t.co/JzltXvhjpV
 Amos
19 Dec 14 07:59:26
Looking for more info on $GMCR $VC $NEE $S #Research http://t.co/hHsKyPfxGi
Investors Hangout
19 Dec 14 07:36:32
DennyT: GMCR Press Releases $GMCR $LNG $MCD $FEYE $RAD http://t.co/JzltXvhjpV
Investors Hangout
19 Dec 14 07:36:12
DennyT: GMCR Press Releases $GMCR $LNG $MCD $FEYE $RAD http://t.co/HilFpzJWzA
lookn4wins
19 Dec 14 07:23:41
$EWW Current Price $EWW Most recent stock chart and technical analysis. $EPI $AMZN $BIIB $AKAM $GMCR $TNA http http://t.co/BngEjfw8kY
DennyT
19 Dec 14 07:19:06
GMCR Press Releases $GMCR $LNG $MCD $FEYE $RAD Opinion Today,Daily Chart,Current Price,Headlines,keeping this http://t.co/rgX1go1pqg
Necole Harter
19 Dec 14 07:13:09
Should you buy, sell or hold $AON $RMD $GMCR $CBM #singedinvestor http://t.co/uNPkeHwGgq
JE$US
19 Dec 14 06:44:09
$GMCR small early sweep 521 1/2 $143 calls .98
chartguy89
19 Dec 14 06:38:48
UGAZ Stock Chart $UGAZ $TQQQ $GMCR $ISIS http://t.co/uSq4H9f1k5 http://t.co/USaJHi6kLI
Nixon Domville
19 Dec 14 06:37:53
Are you thinking of Investing in $FDS $TEL $GMCR $DO Click http://t.co/9DZMvHVxQv
Tempie Ramey
19 Dec 14 05:29:11
Dont want to lose like you did with $GMCR $TWTC $PVH $USD #overvalued http://t.co/AjSAnBDTdJ
Necole Diaz
19 Dec 14 04:00:57
Sick and Tired of losing money on $GMCR $TWTC $LO $FEYE #liquidity http://t.co/AjS7zHPX38
Milagro Galloway
19 Dec 14 03:56:10
Looking for the next winners like $GMCR $HOLX $STR $USD #moneymanagement http://t.co/0GW3u0MmyK
				
				
By  +Follow August 23, 2013 1:01PM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.