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

4 years 5 months 2 weeks ago Sunday, November 03 2013 Nov 3, 2013 Sunday, November 03, 2013 2:30:00 PM CST November 03, 2013 in News
By: William Joy, KOMU 8 Reporter
loading

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
KANSAS CITY, Mo. (AP) — A 65-year-old man who was a major heroin dealer in the Kansas City area has... More >>
18 minutes ago Thursday, April 19 2018 Apr 19, 2018 Thursday, April 19, 2018 10:45:26 AM CDT April 19, 2018 in News
ST. LOUIS - A judge announced Thursday he will not dismiss the criminal invasion of privacy case against Gov. Eric... More >>
1 hour ago Thursday, April 19 2018 Apr 19, 2018 Thursday, April 19, 2018 10:02:00 AM CDT April 19, 2018 in News
KANSAS CITY, Mo. (AP) — Prosecutors said a man shot by suburban Kansas City police in January has died, but... More >>
1 hour ago Thursday, April 19 2018 Apr 19, 2018 Thursday, April 19, 2018 9:22:59 AM CDT April 19, 2018 in News
COLUMBIA - The third annual Unbound Book Festival kicks off tonight, facing questions over its leadership's commitment to diversity and... More >>
2 hours ago Thursday, April 19 2018 Apr 19, 2018 Thursday, April 19, 2018 8:49:00 AM CDT April 19, 2018 in News
LAKE OZARK - Firefighters are looking into the cause of a fire that killed four people early Thursday morning. ... More >>
2 hours ago Thursday, April 19 2018 Apr 19, 2018 Thursday, April 19, 2018 8:16:00 AM CDT April 19, 2018 in News
JEFFERSON CITY – A majority of Republicans passed a tax bill Tuesday night, but it is still drawing some criticism... More >>
15 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 7:21:00 PM CDT April 18, 2018 in News
TIPTON – Some Tipton residents spoke out Wednesday against a potential new concentrated animal feeding operation (CAFO). Critics say CAFOs... More >>
15 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 7:21:00 PM CDT April 18, 2018 in News
COLUMBIA - Pamela Fitzmaurice has a special section in the cookbook her mother passed down to her. That section is... More >>
16 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 6:49:00 PM CDT April 18, 2018 in News
SAN JUAN, PUERTO RICO - Puerto Rico was left powerless on Wednesday, nearly seven months after the powerful September storm,... More >>
17 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 5:32:00 PM CDT April 18, 2018 in News
JEFFERSON CITY - Gov. Eric Greitens filed a restraining order against Attorney General Josh Hawley on Monday over the investigation... More >>
18 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 4:34:00 PM CDT April 18, 2018 in News
MOBERLY - Moberly and Westran Public School Districts celebrated their Healthy Schools Healthy Community initiative on Wednesday. The initiative is... More >>
19 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 3:42:00 PM CDT April 18, 2018 in News
MEXICO - It might seem strange to sight an ocean bird in Missouri, but seeing the American White Pelican isn't... More >>
19 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 3:41:00 PM CDT April 18, 2018 in News
COLUMBIA - Olympic gold medalist Aly Raisman said Wednesday she was never educated on sexual assault and never realized she... More >>
19 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 3:37:00 PM CDT April 18, 2018 in News
JEFFERSON CITY (AP) — The Missouri Senate's top budgeter is proposing giving public K-12 schools $48 million more next... More >>
19 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 3:12:16 PM CDT April 18, 2018 in Continuous News
COLUMBIA – Dry, windy weather is partially to blame for a large grass fire that destroyed a significant portion of... More >>
20 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 2:52:00 PM CDT April 18, 2018 in News
COLUMBIA – More than one thousand t-shirts covered Kuhlman Court on MU's campus on Wednesday. That's one for every... More >>
20 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 2:42:00 PM CDT April 18, 2018 in News
COLUMBIA - Passengers at airports across the country are learning firsthand the impact of new security measures the TSA is... More >>
20 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 2:07:00 PM CDT April 18, 2018 in News
COLUMBIA - By the year 2022, Columbia aims to have 25 percent of its energy come from renewable resources. ... More >>
21 hours ago Wednesday, April 18 2018 Apr 18, 2018 Wednesday, April 18, 2018 1:57:00 PM CDT April 18, 2018 in News
Columbia, MO
Broken Clouds 43°
11am 42°
12pm 44°
1pm 48°
2pm 51°