December 6, 2013 - Business - Financial - Stock Exchange -- Wall Street -- Market News 2013 -- 2014

Описание: December 6, 2013 - Business News - Financial News - Stock News --NYSE -- Market News 2013-2014

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Business News - Financial News - Stock News -- New York Stock Exchange -- Market News 2013-2014

Business News - Financial News - Stock Exchange -- Wall Street -- Market News - New York Stock Exchange 2013-2014

The mood this week on Wall Street was one of nervous nail-biting. Recent run-ups in the market finally came to pause as some solid economic numbers caused concern that the Fed will finally start to taper its bond purchases.

Among the numerous reports issued this week, the ISM Manufacturing Index came in at 57.3, up from October’s 56.4. This greatly exceeded analyst’s expectations and pointed to the strongest month in manufacturing in 2.5 years. The new home sales reports also made big news. Both September and October were released simultaneously due to the earlier government shutdown.

September showed a 6.6% drop in new home sales, however, October sales surged 25.4 percent, the largest jump in more than 30 years. Analysts, however, are already suggesting these numbers are unlikely to be as good as they seem, due to recent downward revisions that will probably come by next month.

The GDP for the 3rdquarter also came in higher than expected at 3.6%, mostly due to higher inventory growth. Initial jobless claims came in at 298,000 for the week ending November 30, the second lowest level since the recovery began. And finally, the government’s employment report came out Friday, showing nonfarm payrolls grew more than expected with 203,000 jobs added. In addition, the unemployment rate fell to 7%.

Now let’s take a look at some stocks.

Apple (NASDAQ: AAPL)
Twitter’s (NYSE: TWTR)
Gogo Inc. (NASDAQ: GOGO)
ARCA biopharma (NASDAQ: ABIO)
Oculus Innovative Sciences, Inc. (NASDAQ: OCLS)

Business - Financial - Stock Exchange -- Wall Street -- Market News 2013 -- 2014
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