Reuters - Video

EDITION: U.S. | U.K. | IN

Top News

Flip flop stocks land at new records

Friday, August 02, 2013 - 02:06

Aug. 2 - Summary of business headlines: U.S. hiring slows; Stocks comeback to close higher; Dell gets closer to a deal; Viacom profits jump; Weight Watchers stock sinks. Bobbi Rebell reports.

▲ Hide Transcript

View Transcript

After flip flopping through Friday's session. stocks climbed higher at the end of the day- and to new records for the Dow and the S&P 500. Among the notable winners: Linked in moving higher a day after its impressive earnings. And Facebook closing above its $38 IPO price. For the week...The Dow rose 0.6 percent. The S&P 500 1.1 percent. The Nasdaq more than 2 percent (2.1) European stocks were mixed in a volatile session. Data showed that while the jobless rate fell in July to a 4-year low- U.S. hiring slowed. That could make the Fed more cautious about scaling back its stimulus plan. And while there was disappointment that only 162,000 jobs were created last month- the big picture trend is solid says Macquarie Capital Market's David Doyle: SOUNDBITE: DAVID DOYLE, STRATEGIST, MACQUARIE CAPITAL MARKETS (ENGLISH) SAYING: "The economy has added now more than 140,000 jobs for 10 straight months . That's the first time since the late 1990's that this has occurred, so there is a trend of hiring or net hiring that is taking place." (41:52) Dell CEO Michael Dell has boosted his group's bid to take the company private- to close to $25 billion- and is offering a special dividend. The voting rules have been changed- absentee shareholders will no longer be counted as "no" but rather won't be counted at all- a boost for Mr. Dell's group. Carl Icahn, who has been leading a group opposed to the deal tweeted: "We are pleased to have won another battle in the Dell war but the war itself is far from over. More to follow. " Earnings news included Viacom. Its stock jumped after news that strong advertising and affiliate fees helped boost third quarter revenue. Its also doubling its share repurchase plan. Chevron stock falling after it posted a steeper than expected 26 percent drop in quarterly profit. But the biggest pummeling was for Weight Watchers. The value of its shares got a lot lighter after it cut its full year forecast saying its losing customers to free weight loss apps.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Flip flop stocks land at new records

Friday, August 02, 2013 - 02:06

Most Popular »

Retirement »

Back to work- in retirement Back to work- in retirement

Wed, Oct 15, 2014 - (2:09)

Investing 201 »

Bond investors brace for the end of Fed stimulus Bond investors brace for the end of Fed...

Fri, Oct 10, 2014 - (4:03)

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

Money Clip »

Will Apple Pay transform mobile payments? Will Apple Pay transform mobile payments?

Thu, Oct 16, 2014 - (2:45)

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Dance of the northern lights Dance of the northern lights

Mon, Oct 20, 2014 - (1:08)

Images of September Images of September

Wed, Oct 01, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)