+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

STOCKS GO NOWHERE: Here's What You Need To Know

Aug 13, 2013, 01:30 IST

Pedro Ribeiro Simões via flickrStocks barely budged to kick off the trading week.

Advertisement

First, the scoreboard:

  • Dow: 15,431.5, +5.8, +0.0%
  • S&P 500: 1,689.4, -1.8, -0.1%
  • NASDAQ: 3,669.1, +9.0, +0.2%

And now, the top stories:

  • The one notable economic announcement of the day was the Treasury Department's monthly budget statement. The U.S. posted a deficit of $97.6 billion in July, which was a bit wider than the $96.0 billion expected. Spending of $297.0 billion more than offset receipts of $200.0 billion. This is up from $79.6 billion in July 2013. "Some payments that would normally have been made in July 2012 were instead shifted into June 2012 for calendar reasons, lowering the July 2012 deficit by $36B," said UBS's Maury Harris. Adjusted for this, the July deficit was actually narrower by around $8 billion.
  • Shares of BlackBerry surged today. Before the markets opened, BlackBerry's board of directors announced it would be considering strategic alternatives for the company including joint ventures, partnerships, and even the outright sale of the company.
  • Don't Miss: 10 Things That Could Go Horribly Wrong In China »
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article