The Dow Jones industrial average , the S&P 500 and the Nasdaq advanced between 0.5% and 0.9%. The gains came at the end of what was a mostly down week on Wall Street. The Dow fell 1.2% and the S&P 500 slipped 0.1%. Friday’s move higher helped the Nasdaq book a 0.7% gain for the week though. The government shutdown has created plenty of uncertainty and left an estimated 800,000 federal employees waiting to go back to work. The shutdown is also delaying the release of the government’s monthly jobs report, originally scheduled to come out Friday top 100 stock tips morning.
Naturally, this isn’t a real town, but one inside Nintendo’s Animal Crossing , a simulation game that’s a cross between Sim City and Zynga’s Farmville, and perhaps equally addicting. It’s the fourth most popular 3DS game for Nintendo in Japan, topping even Zelda, though well behind three Mario games. When it arrived in the US this past June, it sold more than half a million copies in its first month. The game’s premise is simple: You’re the mayor of a town with virtual residents who move in and out, along with an environment you can customize to a micro level. That includes planting and removing trees and other flora, placing sidewalks, and even funding public works projects like new landmarks and businesses. All this is timed with the real world, meaning shops keep real-world hours, and if you crack the game open at 3 a.m., your world will be dark and all the other characters will be asleep.
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Contractor stocks slammed by shutdown
7 because of the federal shutdown. The stock has dropped six straight sessions, the longest losing streak since June. Union Pacific dropped 1 percent to $153.90 after the railroad operator said it sees third-quarter earnings of $2.45 to $2.48 a share, compared with the average analyst forecast of $2.56. Operating revenue will increase as much as 4.5 percent, the company said, compared with a 7 percent gain predicted by analysts. Karen Storm CSX Corp.
Stocks remain range bound on low turnover
On technical charts, analyst Qasim Anwar at AKD Securities said that pullback could be expected to terminate as index approaches 22,320 a 22,525 resistance zone. The technical analyst maintained a bearish outlook below 22,857 level sighting possibilities for near-term weakness towards 21,451 a 21,416 and 20,924 levels. Dealer Samar Iqbal at Topline Securities admitted that activity was sluggish at the market. Most of the activity remained concentrated towards low priced stocks like Pak Electron (Right shares) and Telecard. PSO fell sharply after government announced that they have taken back the increase in power rate as investors feared that it would affect the cash flows of the company. Better than expected dividend announcement by NCPL helped the share price hitting the upper limit.
Stocks Rise on Hope That DC Will End Its Bickering
17,” Davis said, referring to the date the Treasury Department said the government’s borrowing authority would be exhausted. On Friday, House Speaker John Boehner reemphasized that he won’t let the U.S. government default on its debts. There were also reports that Boehner was looking to bring House Republicans together to pass some sort of budget compromise that would include raising the debt ceiling.