LinkedIn Beats Its Own Expectations, Committee Accepts Dell’s Offer: Market Recap

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U.S. stocks rose today, after labor data revealed that U.S. businesses added fewer jobs than expected in July, which helped ease investor concern that the Federal Reserve would end stimulus soon. The Fed has promised that it won’t stop buying bonds until it is clear the economy has reached a full recovery. Stock indexes reached record highs today, extending a rally that began yesterday.

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Gold: -0.32% to $1,307.00 per ounce  Oil: -1.05% to $106.76 per barrel  U.S. 10-Year: -4.44 to 2.602%

How Prepared are Boomers for Retirement?: The oldest members of the baby boomer generation — those born in 1946, the same year the CIA was established — are now 67 years old, and eligible to begin collecting Social Security retirement benefits. There has been an enormous amount of conversation about what this means for the U.S. economy and retirement system… (Read more.)

U.S. Consumers Kept Their Wallets Open in June: Data released by the U.S. Department of Commerce on Friday showed that personal income increased just 0.3 percent in the month of June, missing expectations. Economists polled by Dow Jones Newswires had forecast personal incomes would rise 0.5 percent. Even worse, in chained 2009 dollars, personal income actually decreased by 0.1 percent, although wages did increase to $38 billion in June, compared with May’s gain of $19.1 billion… (Read more.)

Rising Factory Orders Confirm Modest Manufacturing Recovery: The U.S. Census Bureau reported on Friday morning that total new orders for manufactured goods increased 1.5 percent on the month in June to $496.7 billion. This follows an upwardly-revised increase of 3.0 percent in May (from 2.1 percent), but fell short of analyst expectations for an increase of 2.3 percent in June. Total new factory orders have increased four out of the past five months… (Read more.)

Here’s your cheat sheet to today’s top stocks stories:

Apple (NASDAQ:AAPL) violated antitrust laws when it conspired with multiple publishers to fix prices in the e-book business, a federal court ruled last month. And on Friday, the U.S. Department of Justice submitted a proposal to the court that outlines a “remedy” for Apple’s e-book price-fixing conspiracy… (Read more.)

Viacom (NASDAQ:VIAB) can thank two films from Paramount Pictures for the fiscal third quarter’s 20 percent increase in profit: “Star Trek: Into Darkness” and the Brad Pitt-led “World War Z.” Both the company’s Melrose Avenue film studio and Paramount did well in the three-month period, despite higher costs and dropping home entertainment sales… (Read more.)

LinkedIn’s (NYSE:LNKD) latest impressive earnings report has more and more investors jumping on the stock, raising it as much as 10 percent on Friday morning trading — demonstrating that although the company’s own sales forecast is not as strong as expected, investors seem to have even more confidence in the company than its own analysts do… (Read more.)

Dell (NASDAQ:DELL) is closer to being purchased by its founder and namesake. An amended proposal did elicit a yes from the board’s special committee, after it turned down Dell’s previous sweetened deal. The proposal now before Dell shareholders raised the purchase price to $13.75 per share from $13.65, and added a special dividend of 13 cents per share, as well as a third quarter dividend of 8 cents per share, both of which will be paid at or before the deal is closed… (Read more.)

Toyota (NYSE:TM) is hitting the brakes on Ford’s (NYSE:F) hybrid party, because although the U.S. automaker has taken great pains this summer to show its rising dominance in the hybrid market, Toyota is making sure Ford knows its place in the game, and is ready to offer conclusive reports to prove it… (Read more.)

American International Group Inc. (NYSE:AIG) shares are up after the company announced EPS of $1.12, beating by $0.26. AIG’s board declares a dividend of $0.10 per share, and has authorized a $1 billion buyback. Book value per share (excluding AOCI) reached $61.25, up 11 percent year-over-year, but off 2 percent from the first quarter due to marks on higher interest rates. P&C operating income came in at $1.1 billion, up 17.5 percent over last year… (Read more.)

Don’t Miss: LinkedIn Connects With 238M Users for Another Strong Quarter.

Follow Jacqueline on Twitter @Jacqui_WSCS