Reuters - Video

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

Personal Finance

Stocks close out week with gains

Friday, July 18, 2014 - 02:07

Summary: Techs and consumer finance stocks lift stocks; Google stock rallies after revenues beat; GE profits rise; Honeywell raises forecast; Trupanion IPO. Bobbi Rebell reports.

▲ Hide Transcript

View Transcript

A modest rebound in U.S. stocks in the last trading session of the week. The major indexes closing to the upside- just a day after the S&P 500 had its worst decline since April 10th. Technology and consumer finance stocks were among the day's biggest gainers. For the week - the major indexes were higher as well. Investors still keeping a close eye on geopolitical tensions after the U.S. said it could not rule out that Russia may have helped separatists in firing a missiles that likely downed a Malaysian airliner Thursday. Diane Garnick, CEO of Clear Alternatives : SOUNDBITE: DIANE GARNICK, CEO, CLEAR ALTERNATIVES (ENGLISH) SAYING "This is not just risk about the Federal Reserve, this is no longer risk about missing earnings. This is not even risk about having too much cash on the balance sheet. People need to focus on the risk of geopolitical uncertainty that is eminent around the world." Google a big winner. The top search company posted better than expected revenues late Thursday. General Electric profits up 13 percent. Sales of its jet engines and oil and gas equipment improved. GE also said it's private label credit-card business will have an initial public offering at the end of the month. It will be called Synchrony Financial. And Honeywell reported a better than expected quarterly profit, helped by higher sales of turbochargers. Shares rose after the company also raised the lower end of its profit forecast range for this year. It's a deal! U.S. drug maker AbbVie has bought Dublin- based Shire in a $54 billion dollar deal- that will allow it to slash its tax bill by moving to Britain. Trupanion had a strong debut on the New York Stock Exchange. Shares rose as much as 15 percent. The deal valued the pet insurance company at more than $300 million - investors bet on growing demand among pet owners to have their pets insured. European markets closed mixed- losses associated with rising tensions between Ukraine and Russia were mitigated by a number of strong earnings reports from Sweden.

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

Stocks close out week with gains

Friday, July 18, 2014 - 02:07

Top News »

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)