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Weekly Market Wrap: October 24, 2014 By Clip Syndicate The forty-third trading week of 2014 comes to a close with the S&P 500, NASDAQ composite and Dow Jones all higher in early-afternoon trading on Friday. Most actively traded stocks include DryShips (DRYS) down 21.5%, Ford Motor (F) down 4.5%, Microsoft (MSFT) higher by 1.7%, and Apple (AAPL) flat on the day. ...Read More »
Friday Sector Laggards: Education & Training Services, Shipping Stocks By Clip Syndicate In trading on Friday, education & training services shares were relative laggards, down on the day by about 4.2%. Helping drag down the group were shares of Education Management Corporation (EDMC), off about 41.3% and shares of ITT Educational Services (ESI) off about 5.8% on the day. ...Read More »
U.S. Appeals Court Rules For GM In Spyker's Saab Sale Lawsuit By Clip Syndicate General Motors persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company. Circuit Court of Appeals in Cincinnati on Friday said Spyker failed to show GM intentionally interfered with the Dutch company's effort to sell Saab to Zhejiang Youngman Lotus Automobile Co, leading to Saab's bankruptcy. As part of that sale, it licensed Saab to build vehicles using the Detroit-based automaker's intellectual property, and retained a right to end the license if Saab were sold without its consent.

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Dow Movers: CVX, PG By Clip Syndicate In early trading on Friday, shares of Procter & Gamble (PG) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.9%. Year to date, Procter & Gamble registers a 5.2% gain. ...Read More »
Exclusive: Lockheed, Pentagon Reach $4 Billion Deal For More F-35 Jets By Clip Syndicate Sources familiar with the deal said on Thursday Lockheed Martin Corp and U.S. defense officials have reached agreement on the terms of a contract worth about $4 billion for an eighth batch of 43 F-35 fighter jets. The contract will lower the cost of the radar-evading warplane by about 3 percent and includes jets to be built for the U.S. military, Britain and other U.S. allies, according to the sources, who were not authorized to speak publicly.

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Microsoft Profit Dips On Charges, While Sales Jump By Clip Syndicate Microsoft said on Thursday fiscal first-quarter profit fell 13 percent as it took a $1.1 billion charge related to mass layoffs announced in July. The world's largest software company reported profit of $4.5 billion, or 54 cents per share, compared with $5.2 billion, or 62 cents per share, in the year-ago quarter. Revenue rose 25 percent to $23.2 billion, helped by the phone business it bought from Nokia in April, easily beating analysts' average estimate of $22 billion.

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Options Investors See Good Times Rolling For Facebook By Clip Syndicate Facebook investors used to wild swings in the company's shares following its earnings reports are looking for relative calm on Tuesday, after the social media company posts results. Facebook, whose shares rose 3 percent to a new year-high of $80.63 on Thursday, is scheduled to report third-quarter results on Oct. 31. The stock jumped as much as 14 percent in January, and nearly 30 percent in July last year when the company posted strong mobile advertising revenue.

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About The Weekly Market Wrap By Clip Syndicate At the end of each trading week, we here at Market News Video look back over the broad market action, focusing in on the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite indices. We also check in on movements in crude oil and gold. ...Read More »
Thursday Sector Laggards: Precious Metals, Textiles By Clip Syndicate In trading on Thursday, precious metals shares were relative laggards, down on the day by about 1.4%. Helping drag down the group were shares of Tanzanian Royalty Exploration Company (TRX), down about 6.7% and shares of Fortuna Silver Mines (FSM) down about 6.5% on the day. ...Read More »
Dow Movers: T, MMM By Clip Syndicate In early trading on Thursday, shares of 3M (MMM) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 4.9%. Year to date, 3M registers a 3.9% gain. ...Read More »

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