On Monday U.S. equities edged higher, despite ongoing concerns about China’s economy and its slowing economic growth. Additionally worries about the looming “sequester” in the U.S. and the continuous uncertainty in euro-zone gave a reason for investors to buy the dips and pushing main indices near recent highs.
Today European equities came in mixed as investors were reassured of continued commitment in the form of quantitative easing from the U.S. Federal Reserve, while political uncertainty and tension in Italy still weighed down on the euro-zone stock markets.
The DJ30 closed at 14,127.82 gaining 38.16 points (0.27%), SPX500 closed at 1,525.20 gaining 7 points (0.46%) and the NASDAQ100 closed at 2,759.53 gaining 11.78 points (0.43%).
The CAC40 closed at 3,709.76 gaining 9.85 points (0.27%), FTSE100 closed 6,345.63 declining 32.97 points (-0.52%) and DAX40 closed at 7,691.68 declining 16.48 points (-0.21%).
Thursday last week Facebook Inc. (FB) announced that it is going to buy Atlas ad serving and analytics business from Microsoft Corporation Inc. (MSFT). Microsoft acquired Atlas when it purchased aQuantive in 2007. According to several news reports the price is estimated to be less than $100 million and will not be included in Facebook financials.
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