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[January 19, 2014]
DJIA Triumpant as S&P, NASDAQ Slump Into the Weekend.
(Equities.com Via Acquire Media NewsEdge) The Tally:Dow Jones Industrial Average: -0.39 percent to 1,838.69 points Standard & Poor's 500 Index: +0.25 percent to 15,458.56 points NASDAQ: -0.50 percent to 4,197.58 Economic Data: The Department of Commerce released data on housing starts that attested to a 10 percent decline in in the construction of new homes for the month of December, even though 2013 turned out to be the best year for building new homes since 2007.
The Standard & Poor's 500 fell with help from Apple Inc. (AAPL) , whose shares were off by more than 2 percent to end the day in the company of a number of other large techs including Micron Technology (MU) , Intel (INTC) . Chip makers struggled in general, despite recent price action suggesting a possible surge for that segment of the computer hardware industry.
Big-box retailer Best Buy (BBY) shed a substantial portion of the gains made during 2013's turnaround for a second straight day, closing the week of trading on another loss of nearly 9 percent.
The Dow Industrials ended one quarter of a percent higher with less than one third of its components making gains. Visa (V) and American Express (AXP) topped gainers, ending 4.7 and 3.6 percent higher respectively. General Electric (GE) and Intel (INTC) provided the end-cap on the downside, with both shedding over two percent by the closing bell.
The NASDAQ for its part saw a number of its biggest techs struggle throughout the day, as Facebook (FB) , Microsoft (MSFT) , and Yahoo! (YHOO) heading lower on heavy trading. Small-cap wireless provider NII Holdings (NIHD) saw its share price jump by nearly a quarter, and video-game designers Electronic Arts (EA) and Shanda Games (GAME) each added a hefty 10 percent to finish off the week.
The editorial staff at Equities.com is delighted to announce the triumpant return of Joe Goldman to its roster. Readers are encouraged to read his latest on the most influential personalities in the world of finance.
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