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.


Signup for our daily newsletter and get our best articles emailed right to you!

Results for gmcr
4-traders.com
20 Oct 14 03:10:23
Keurig Green Mountain : Receives Notification from the SEC Closing Inquiry Dating Back to 2010 with No Enfo... http://t.co/QIKUK2i3m6 $GMCR
Kusnadi Halim Salim
20 Oct 14 01:27:51
RT @SeekingAlpha: Sharp Sell-Off In Stocks Sets Up Long Awaited Buying Opportunity http://t.co/wTPU1WcBxy $AAPL #APPLE $AMZN $AWK $BA $CAH …
Russell Barbour
20 Oct 14 01:19:42
http://t.co/wS6AXPfXOX - These stocks up in October & less than 10% from 52-wk highs. $PM $DUK $SPG $TJX $CSX $GMCR
Quantpost Cnsmr Good
20 Oct 14 01:14:52
$AAPL $GMCR News: "Sharp Sell-Off In Stocks Sets Up Long Awaited Buying…" http://t.co/pjR9KduXy6 Board view: https://t.co/iXH8xIcCqT
Seeking Alpha
20 Oct 14 01:14:52
Sharp Sell-Off In Stocks Sets Up Long Awaited Buying Opportunity http://t.co/wTPU1WcBxy $AAPL #APPLE $AMZN $AWK $BA $CAH $DPS $GMCR $IDU
Stockaholics
20 Oct 14 00:04:28
After Massive Gains On Penny Stock Picks, another New Pick Is Coming! Check it out: http://t.co/YX0NLZhRQ5 $OCN $PNC $GMCR
Russell Barbour
19 Oct 14 23:50:44
http://t.co/GxCiwhXAYf - These stocks up in October & less than 10% from 52-wk highs. $PM $DUK $SPG $TJX $CSX $GMCR
Grant L
19 Oct 14 19:20:31
RT @szaman: Watch List 10/20/2014 http://t.co/FGr8uRuF1p $APT $LAKE $IBIO $YY $FEYE $ERY $MBLY $GMCR $UNIS.
Stockaholics
19 Oct 14 17:01:24
IBIO Closed Up 69.84% After Our Penny Stock Alert! New Picks Coming: http://t.co/OG2rloNNni $OCN $PNC $GMCR
Kunal Desai
19 Oct 14 16:58:37
RT @szaman: Watch List 10/20/2014 http://t.co/FGr8uRuF1p $APT $LAKE $IBIO $YY $FEYE $ERY $MBLY $GMCR $UNIS.
Jake Huska
19 Oct 14 16:57:34
Top names on my 'Relative Strength' screener: $AHS $CCI $GMCR $CLX $LB (no relevant positions)
Jonathan Whitcraft
19 Oct 14 16:46:03
RT @Williamj54: Weekend Review 10/17: $BABA $MBLY $FB $GMCR $AAPL $PANW $CMG $BIDU $GILD $DATA $UA $ANET $GPRO $AVGO $SWKS $ULTA $TSM http:…
Erick
19 Oct 14 16:11:14
RT @szaman: Watch List 10/20/2014 http://t.co/FGr8uRuF1p $APT $LAKE $IBIO $YY $FEYE $ERY $MBLY $GMCR $UNIS.
Joe Williams
19 Oct 14 16:07:02
Weekend Review 10/17: $BABA $MBLY $FB $GMCR $AAPL $PANW $CMG $BIDU $GILD $DATA $UA $ANET $GPRO $AVGO $SWKS $ULTA $TSM http://t.co/oOwkhxcoOZ
Diego R
19 Oct 14 16:05:08
RT @szaman: Watch List 10/20/2014 http://t.co/FGr8uRuF1p $APT $LAKE $IBIO $YY $FEYE $ERY $MBLY $GMCR $UNIS.
Auto Binary option
19 Oct 14 16:04:16
RT @szaman: Watch List 10/20/2014 http://t.co/FGr8uRuF1p $APT $LAKE $IBIO $YY $FEYE $ERY $MBLY $GMCR $UNIS.
Trent Blair
19 Oct 14 16:03:56
RT @szaman: Watch List 10/20/2014 http://t.co/FGr8uRuF1p $APT $LAKE $IBIO $YY $FEYE $ERY $MBLY $GMCR $UNIS.
NYC Trader
19 Oct 14 15:59:12
Watch List 10/20/2014 http://t.co/FGr8uRuF1p $APT $LAKE $IBIO $YY $FEYE $ERY $MBLY $GMCR $UNIS.
Learnstocks101
19 Oct 14 15:19:01
Free video w/setups October 20 "Not Much To Do" $PCLN $FB $GMCR $NFLX http://t.co/r7mABnQNMl
Russell Barbour
19 Oct 14 14:11:23
http://t.co/GxCiwhXAYf - These stocks up in October & less than 10% from 52-wk highs. $PM $DUK $SPG $TJX $CSX $GMCR
TipRanks
19 Oct 14 13:00:02
Top Expert Consensus for $GMCR is Moderate Buy https://t.co/NaLuL6hNeH #NASDAQ #stocks
Mark Rossano
19 Oct 14 12:54:20
$KO $GMCR $SODA
Nelson Molina
19 Oct 14 05:01:40
$INO $GOOG $FSLR $GMCR $TNA Rally time or a dead cat bounce. http://t.co/sTdYq90IfP
Alexander
18 Oct 14 22:02:39
Dad asks to look at a few charts and 300 tickers later we end up on $GMCR
TickerChirp
18 Oct 14 17:29:04
Leading Tweets Relevant to $GMCR (GREEN MTN COFFEE ROASTE symbol gmcr) on 10/19/2014 http://t.co/uKswu1qb8D
firstadopter
18 Oct 14 15:43:53
RT @daskapitalmgmt: @firstadopter $GMCR 2.0s also discounted at Target ($20 off) and Costco ($15 off).
Johnny Shen
18 Oct 14 15:28:46
@firstadopter $GMCR 2.0s also discounted at Target ($20 off) and Costco ($15 off).
firstadopter
18 Oct 14 15:23:33
Not only do you get $20 off you get 2 free K-Carafe packs too $GMCR -> http://t.co/F4jbHwJ1OB
firstadopter
18 Oct 14 15:20:58
Keurig 2.0 brewer also on sale at Staples $GMCR -> http://t.co/h8zFLjl6pB
Stockaholics
18 Oct 14 14:43:59
IBIO Closed Up 69.84% After Our Penny Stock Alert! New Picks Coming: http://t.co/OG2rloNNni $OCN $PNC $GMCR
Stockaholics
18 Oct 14 11:49:40
IBIO Closed Up 69.84% After Our Penny Stock Alert! New Picks Coming: http://t.co/OG2rloNNni $OCN $PNC $GMCR
Antonio Costa
18 Oct 14 08:23:31
$GMCR daily short sale volume over the last week. http://t.co/L84cs8nE1m
Antonio Costa
18 Oct 14 08:23:05
$GMCR updated chart with the pivot points. Looks ready for a short term bounce. http://t.co/ur2gxUQk37
carusom
18 Oct 14 07:17:14
Downside watchlist $CF $CPA $CMG $GMCR $ANF $ICE
Stockaholics
18 Oct 14 03:39:06
IBIO Closed Up 69.84% After Our Penny Stock Alert! New Picks Coming: http://t.co/OG2rloNNni $OCN $PNC $GMCR
DamnGoodTrader
17 Oct 14 22:50:47
$GBR $BABA $FSLR $QIHU $GMCR $SLB $BHI Option Alerts Posted On http://t.co/7EIZTcOmPG Check Them & Don't Forget To Subscribe !
Bidness Etc
17 Oct 14 17:45:06
The SEC has finally closed its four-year-long probe into Keurig, with no action being taken against the company http://t.co/42hb15wJHl $GMCR
Jason
17 Oct 14 15:41:22
http://t.co/eXd36nkMWL - These stocks up in October & less than 10% from 52-wk highs. $PM $DUK $SPG $TJX $CSX $GMCR
jatinam
17 Oct 14 15:28:25
RT @IBD_KShreve: As Market Slides, Several Growth Names Hang In There http://t.co/Vu5TtpGj5P $GMCR $DPZ $ROST $MFRM $HDB $ABCB $INFY $TYL
Stockaholics
17 Oct 14 13:34:30
IBIO Closed Up 69.84% After Our Penny Stock Alert! New Picks Coming: http://t.co/OG2rloNNni $OCN $PNC $GMCR
Bidness Etc
17 Oct 14 13:31:59
SEC Closes Its Probe Into #Keurig http://t.co/pRXiANw2v7 $GMCR
OTPicks.com
17 Oct 14 13:10:21
http://t.co/hjgLwIcNgz Emylers: $GMCR Up to date company activities and other: Emylers http://t.co/1uJ5Al1VhK http://t.co/hjgLwIcNgz
StockCharts.com
17 Oct 14 13:05:02
Today's Top 5 Technically Ranked Large Cap Stocks: $CFN, $SIAL, $VRTX, $GMCR, $MNST http://t.co/ctFzkw6tom #sccrankings #stockcharts
Devin / LiveDigital
17 Oct 14 13:00:15
@groditi @TheStalwart I'd have to disagree and say $GMCR IS the most important. can you imagine without it?
TLT
17 Oct 14 12:11:14
Not sure how long $GMCR can hang up at these levels. I think a move back to 123 could be coming.
Sam E. Antar
17 Oct 14 11:34:17
RT @herbgreenberg: Kinda funny that $GMCR is down on the news. Says all you need to know about investigations!
Jake13
17 Oct 14 10:15:59
$GG Buy or Sell Opinion Click here to find out if $GG is a buy hold or sell. Watching these stocks. $GLD $GMCR http://t.co/cAXzQh8iPR
Emylers
17 Oct 14 10:11:56
$GMCR Up to date company activities and other important information about $GMCR http://t.co/utSVdDCNbd
Jake13
17 Oct 14 09:49:53
$PCLN Sell? Click here to find out if $PCLN is a buy hold or sell. Watching these stocks. $BABA $CYBR $GMCR $L http://t.co/L5jekf41Eh
leahanne
17 Oct 14 08:47:29
$HIMX Himax Technologies (HIMX) 8.83 unch (unch) $GMCR $BAC $GLUU http://t.co/x7eIysSlIx
				
				
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.