Tech Stocks Fell Friday, but S&P 500 Tacks Weekly Gain
Dec 30th 2013 6:00AM
Updated Dec 30th 2013 6:02AM
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Apple got some Christmas love on news that the world's largest wireless phone network, China Mobile, will begin carrying the iPhone. Facebook joined a new club mid-holiday and is now listed on the S&P 500 stock market index of the 500 largest publicly traded companies in America.
2. ... And stock market losers
General Motors got some coal-worthy news that it will have to recall nearly 1.5 million Buick and Chevrolet cars because of faulty fuel pump brackets made in China.
Econ data continues to be on Santa's "good list." Consumer spending jumped 0.5% in November for its fastest monthly gain since June. Orders for big-ticket and long-lasting items (also known as durable goods) rose an expectation-beating 3.5% last month, while home prices gained 0.5% in October, reaching its strongest rate of growth since 2008.
What MarketSnacks is checking out this week:
- Monday: Pending home sales
- Tuesday: Consumer confidence survey
- Wednesday: All markets CLOSED for New Year's Day
- Thursday: ISM Manufacturing Index
- Friday: Fed Chairman Ben Bernanke speaks
The article Tech Stocks Fell Friday, but S&P 500 Tacks Weekly Gain originally appeared on Fool.com.Fool contributors Jack Kramer and Nick Martell have no position in any stocks mentioned. The Motley Fool recommends Amazon.com, Apple, Facebook, General Motors, Goldman Sachs, Netflix, Pandora Media, Twitter, and UPS and owns shares of Amazon.com, Apple, Facebook, and Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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