Stocks Squeeze Out Modest Gains, Nasdaq Losing Streak Stops at 5

By Staff,

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Stock averages managed to hold onto modest gains today thanks to bullish manufacturing data and upbeat earnings from First Solar ( FSLR ) plus a well-received IPO from The Container Store ( TCS ). Although disappointing earnings from Chevron ( CVX ) and American International Group ( AIG ) impacted early action the Dow Industrials and S&P 500 regained their footing and returned to their intra-day highs.

Nasdaq recovered eventually but will post its first weekly loss in five weeks as social-networking sites took a hit on Thursday's comments from Facebook's CFO regarding the loss of the fickle teen segment. Shares of MeetMe ( MEET ) and LinkedIn (LNKD) led the sector lower.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: AIG , CVX , FSLR , MEET , TCS

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