Investors Tap the Breaks Ahead of the Bell as Stocks Slump Into the Weekend

Michael Teague  |

Standard & Poor’s 500: -0.30 percent to 1,866.40 points

Dow Jones Industrial Average: -0.17 percent to 16,302.70 points

NASDAQ Exchange: -0.98 percent to 4,276.79 points

 

Stocks retreated late in the trading session after rushing to early gains on Friday, as investors on Wall Street paused to catch their breath at the conclusion of a week fraught with all manner of geopolitical and economic turbulence that included Janet Yellen’s apparent hawkishness on Treasury spending in Wednesday’s press conference. The benchmarks were still set to post their best weekly performance in a month, and the S&P 500 touched a new all-time intraday high

 

S&P Capital IQ Chief Equity strategist Sam Stovall talks QE and the obstacles that the market will need to overcome if more gains are to be made.

Equities.comtelecom analyst Jeff Kagan takes a look at the cloud computing marketas it is currently configured.

Senior Editor and resident Bitcoin correspondent Jacob Harper has some thoughts on the infamous exchange Mt. Gox’ssudden rediscovery of about a quarter of the millions of dollars of stolen digital currency it lost not long ago.

Readers looking for inspiration after a rollercoaster of a trading week might find these ten quotes from Steve Jobs to be helpful.

 



Zions Bank (ZION)  of Utah saw shares head lower after failing the Federal Reserve’s most recent round of stress-testing.

Drug-maker Endocyte (ECYT) had a big day after one of its treatments showed results in a clinical lung cancer trial.

Chinese state oil giant PetroChina ($PTR) had a huge day, making big gains on heavy trading after releasing impressive fourth-quarter and full-year 2013 earnings before the opening bell.

Drug-maker IsoRay (ISR) concluded a great week with shares cooling off after announcing a new public offering of shares.

Canada’s North American Palladium (PAL) also continued to climb higher after releasing reserve updates for one of its Ontario mines.

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. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
ISR IsoRay Inc. 0.54 -0.01 -1.00 741,523
PTR PetroChina Company Limited 70.54 -0.32 -0.45 76,828 Trade
ECYT Endocyte Inc. 17.10 0.30 1.79 684,516 Trade
AGPPY Anglo American Platinum Ltd ADR n/a n/a n/a 0

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