Good economic and corporate news helped the stock market to rebound even after a week of ups and downs. Nike and the Dow Jones were doing especially well.
Usually a good day is followed by a bad day and vice versa, so its not very surprising that Friday was good after the huge fall on Thursday.
Other top stories:
Dollar Keeps Climbing
iPhone 6 Bends
How to Fix iPhone 6
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Well a lot of solutions running on the web – this is one of the most viewed solutions in the past week.
Step 1: Take it out of the box
Step2: Get very annoyed
Step3: Try to insert it to you Jeans
Step4: Grind the cam
Step5: No more annoying cam
That’s it you fixed IPhone 6’s camera
For Apple the internet doesn't look so good right now. Until the dramatic announcment from Apple the stock will continue to lose its leverage.
ITS SAFE TO SAY NOW - APPLE WILL HAVE PROBLEMS WITH THIS ONE
ONE OF THE MOST SPOKEN VIDEOS ON FACEBOOK - LEAVE YOUR COMMENT
The Russian ruble hits a new record low against the dollar today. The main reason is companies’ foreign debt.
The previous ruble low against the dollar was 38.93 and the new record is 39.15.
Another reason might be the crises with Ukraine or the prices of oil, which Russia exports a lot of, that dropped below $100 a barrel.
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Dollar Keeps Climbing
5 Tips for Today's Trading
Panic in the Apple World
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The dollar is on its 11th weekly gain, rising against the yen but flat against the euro.
The dollar rose higher against the yen on Friday, on track for an 11th straight weekly gain that would extend the longest winning streak since 1971.
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Unemployment Claims Announcement
Panic in the Apple World
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The number of Americans filing new claims for unemployment benefits rose less than expected last week, suggesting an acceleration in job growth in September.
This kind of announcement is very good for the US market. You should expect the USD to rise as a result.
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Tips for Today's Trading
Unemployment Claims Announcement
Panic in the Apple World
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The Euro dropped yesterday below $1.27, the lowest it’s been for 22 months.
The reason is probably that investors expect that the European and US financial policy will head in opposite directions.
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Tips for Today's Trading
Unemployment Claims Announcement
Panic in the Apple World
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IPhone 6 PLUS – bends. – The stories and the rumors that are spread around using your IPHONE 6 PLUS in your front pocket can bend the aluminum frame of the IPhone. Get ready for massive panic as the investors will start pulling out and the stocks will start pluming. The history teaches us, bad products very bad stock.
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Other top stories today:
New Home Sales Announcement
China Markets are Doing Poorly
Syria Air Strikes Cause Asia Stocks to Drop
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The US and its allies bombed Syria yesterday for the first time. This caused Asian stocks to drop, especially in Japan.
As a result, the dollar fell 0.2% against the yen, going down from a 6 year high on Friday.
If the situation continues, we may see the shares keep falling and dollar might drop even further.
Other top stories today:
China Markets are Doing Poorly
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The investors have started to worry about China's bad performance in the stock market, which has been affecting oil prices as it weighed the energy stocks down.
China’s oil prices keep dropping to what seems their largest fall. They have been on a decline for 7 straight weeks now.
The US markets on the other hand are doing above expectations.
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Some commodities aren’t doing so well lately. Mainly soy, which drops to a 4 year low and corn, which falls for the 5th day now.
On the other hand, wheat rises for 2nd day as Egypt buys supply from the US.
Other top stories today:
Asian Shares Recovering
US Stocks Drop
European Stocks Drop
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The European market is dropping and the Emerging Markets Index is heading for a 3 month low while government bonds are rising. One noticeable drop is the Stoxx Europe 600 Index which dropped by 0.4%.
While this is happening, the Australian dollar is rising as a result of China factories doing better.
Other top stories today:
Asian Shares Recovering
US Stocks Drop
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The slow of growth in China and the drop in oil prices caused US stocks to drop.
The investors are worried about the growth in China, which seems to be getting slower according to data. In addition, the drop in oil prices are effecting the energy stocks as well.
Another reason might be a report that says that homes in the US are selling less in the last month than it did in the previous 4 months.
Other top stories today:
Asian Shares Recovering
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China’s factories have been doing better than expected recently, which led to the rise of Asian shares.
The Chinese factory sector is dependent on Australia’s export market. The rise of Asian shares caused the Australian dollar to rise as well.
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Apple sold an amazing amount of 10 million iPhone 6 units over the weekend. That is 1 million more than the sales of iPhone 5 last year.
The numbers are even more amazing considering that the iPhone 6 wasn’t even available in China this year during the opening weekend.
On the other hand, only 30% of the iPhone user have upgraded to the new iOS 8 software.
Apple is looking good with this year’s sale and their share has been rising accordingly.
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Silver is dropping to a 4 year low while gold is falling to its lowest since January.
Precious metals took a big loss in the last few days as the dollar rose to a 4 year high last week.
Gold’s recent losses have erased almost all of its 2014 gains, with the metal now up only 0.7% from last year, when it lost 28% of its value.
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Alibaba’s initial public offering was the biggest ever worldwide at $25.03 billion. Their shares rose 38% from $68 to $99.89 in its debut in New York on Friday.
This indicates that Alibaba is going to be a very successful company in the United States and other IPOs this year will probably also go well.
Traders who invested in the Alibaba share on Friday made a lot of money and the share might still rise. It may be a good idea to invest in it even now.
Other top stories today:
The Dollar Drops in Asia
European Market Falls
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The dollar dropped today in Asia from 108.99 yen to 108.80 yen.
There are 2 main reasons for the drop: The US Federal Reserve hints of high interest rate and Scotland’s decision to stay in the UK.
There’s a chance that we can see a rise in the dollar soon, but it’s still largely unknown what will happen.
Apparently the Chinese economic growth is hurting miners, causing the European shares to drop.
Tesco fell a whopping 10.7% after getting its third warning this year due to a fault in its accounts.
Other shares like the STOXX Europe 600 index and the FTSEurofirst 300 index also took a hit.