Markets closed higher with the SP500 slipping to the 2020 support, failing to penetrate and then climbed to new session highs just short of its resistance of 2040. General Electric Co reported a better-than-expected quarterly profit on Friday as third-quarter results are proving to be overall better than expected along with U.S. consumer sentiment rebounding strongly.
SAN FRANCISCO (Reuters) - Former Microsoft Corp Chief Executive Steve Ballmer has taken a 4 percent stake in Twitter Inc , according to his spokesman, making him the third-biggest individual shareholder in the social media company.
WASHINGTON (Reuters) - U.S. consumer sentiment rebounded strongly in early October, suggesting that the economic recovery remained on track despite headwinds from a strong dollar and weak global demand that have weighed on the industrial sector, particularly manufacturing.
CHICAGO (Reuters) - U.S. holiday sales are expected to rise a modest 2.8 percent in 2015, as a sluggish economic recovery is likely to weigh on consumer spending, analytics firm RetailNext said on Friday.
SAN FRANCISCO (Reuters) - Last year, many tech IPOs enjoyed soaring valuations in their Wall Street debut, raining cash on the companies and their investors and boosting concerns about another Silicon Valley bubble.
(Reuters) - General Electric Co reported a better-than-expected quarterly profit on Friday, helped by cost cuts and higher sales of its jet engines business that offset struggles in its oil and gas segment.
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