Market Report: End of the Dollar Menu and Twitter Goes Public

2 years 8 months 3 weeks ago November 03, 2013 Nov 3, 2013 Sunday, November 03 2013 Sunday, November 03, 2013 2:30:00 PM CST in News
By: William Joy, KOMU 8 Reporter

COLUMBIA - The Dow Jones Industrial Average finished up only 0.29 percent this week, closing at 15,615.55 but it hit a record high on Tuesday. The NASDAQ was the only one of the major indexes to finish down this week, but the loss was just 0.54 percent, to finish at 3,922.04. Finally, the S&P 500 had its fourth straight week of gains but just barely, as it finished up 0.11 percent to 1,761.64.

Speaking of the stock market, Twitter is making its Wall Street debut this week. The micro-blogging social media giant is expected to be priced around $17-$20 when it goes public on Thursday. The stock will be traded on the New York Stock Exchange and be traded under the symbol "TWTR". It's important to note that the company has never finished with a profit in its seven-year history.

There's been good news for the auto industry this week. Overall auto sales in October rose 10.6 percent, to 1.2 million cars and trucks sold this month, and the industry is on track for its best sales in six years. General Motors, the nation's largest automaker led the way with sales up 16 percent, followed by Nissan and Ford.

Starting Monday, McDonalds is ending its Dollar Menu and starting the new "Dollar Menu and More". The company says you'll still be able to order some items for just a buck, but the menu will focus on $2 items and some $5 family options. The exact pricing is still unknown, testing of the new menu in New York included a $1.69 McChicken and four-piece McNugget for $1.59 as well as a 20-piece McNugget for $4.99. The switch is likely because of big increases in the cost of bread and ground beef over the past decade but unchanging menu prices.

Twitter's IPO is obviously big news this week, but there are a few other events to keep an eye on. Since so many economic decisions are based on jobs, the employment situation report on Friday is important as well as the consumer confidence index that same day and the third quarter GDP report on Thursday.

 

 

 

More News

Grid
List
COLUMBIA - After nearly two months of construction on the Business Loop exit off of I-70, the ramp is set... More >>
4 minutes ago July 27, 2016 Jul 27, 2016 Wednesday, July 27 2016 Wednesday, July 27, 2016 2:41:05 AM CDT in News
JEFFERSON CITY (AP) — A man accused of sexual abuse in a pending civil lawsuit is suing Missouri Republican gubernatorial... More >>
6 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 7:48:43 PM CDT in News
ST. LOUIS (AP) — St. Louis police have a new truck — an ice cream truck. Police on... More >>
8 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 6:16:23 PM CDT in News
KANSAS CITY (AP) — A southwest Missouri church whose members are from Micronesia says six of its members have been... More >>
8 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 6:11:49 PM CDT in News
CLAYTON (AP) — The Municipal League of Metropolitan St. Louis has filed suit challenging a requirement that the region's cities... More >>
8 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 6:09:39 PM CDT in News
JEFFERSON CITY (AP) — Opponents of a cigarette tax hike that would benefit early childhood programs have filed two new... More >>
8 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 6:06:13 PM CDT in News
ST. LOUIS (AP) — St. Louis has its first-ever chief resilience officer, a position created to help the city prepare... More >>
8 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 6:02:50 PM CDT in News
JEFFERSON CITY (AP) — Missouri delegates to the Democratic National Convention got a surprise visit from Vermont Sen.... More >>
8 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 6:00:00 PM CDT in News
CALLAWAY COUNTY- Callaway County Sheriff’s Office deputies arrested 27-year-old Courtney Hutchason and referenced a vehicle theft. On July 4,... More >>
8 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 5:50:00 PM CDT in News
JEFFERSON CITY - Gov. Jay Nixon issued a statement regarding the Missouri Supreme Court’s ruling, upholding his veto of a... More >>
9 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 5:20:00 PM CDT in News
JEFFERSON CITY- A former bank vice president was sentenced Tuesday afternoon for leading a $4.1 million conspiracy to defraud the... More >>
9 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 4:49:00 PM CDT in News
JEFFERSON CITY - Weathertech Restoration, LLC and its owner, Eric Kroesen, agreed to settlement Monday after taking upfront payments for... More >>
10 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 4:30:00 PM CDT in News
JEFFERSON CITY - Jon Patrick Washington was sentenced five years in federal prison without parole for injecting heroin into a... More >>
10 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 4:05:00 PM CDT in News
COLUMBIA - Senate hopeful Jason Kander made a stop at Logboat Brewing Co. on the second day of his 50-stop... More >>
11 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 3:26:00 PM CDT in News
JEFFERSON CITY- The Jefferson City Police Department has cancelled an Endangered Person Advisory that was issued for Kelley L. Clark... More >>
11 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 3:14:00 PM CDT in News
COLUMBIA - The NAACP hosted a candidate forum Tuesday night at the Second Baptist Church. The organization invited all... More >>
11 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 3:05:00 PM CDT in News
COLUMBIA - The iconic Columbia pizza place Shakespeare's gave KOMU 8 News an inside look at its new building on... More >>
12 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 2:41:00 PM CDT in News
COLUMBIA - Schnucks is having a shortage in fresh items and many shelves are empty at the store on Forum... More >>
12 hours ago July 26, 2016 Jul 26, 2016 Tuesday, July 26 2016 Tuesday, July 26, 2016 2:25:00 PM CDT in News
Columbia, MO
Broken Clouds 73°
3am 75°
4am 74°
5am 73°
6am 72°

Select a station to view its upcoming schedule:

Coming Up Next

2:07a
The Meredith Vieira Show
3:07a
Mad Money
4:00a
Early Today
2:30a
Paid Program
3:00a
Paid Program
3:30a
Paid Program

Tonight's Schedule

7:00p
America's Got Talent
8:00p
The Night Shift
9:00p
NBC News Special: 2016 Democratic National Convention
7:00p
Penn & Teller: Fool Us
8:00p
Whose Line Is It Anyway?
8:30p
Whose Line Is It Anyway?
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld