TradingMarkets 7 Stocks You Need to Know for Friday
Profit-taking finally arrived on Thursday, with the major indexes ending lower. Selling in financials led the declines, especially in the Dow and S&P 500.
The Dow fell 85.78. The Nasdaq Composite lost 7.74. And the S&P 500 ended the day down 10.31.
Here are 7 Stocks You Need to Know for Friday.
Want an iPhone but uneasy about commitment? AT&T
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PowerRating) has announced that it will start selling the iPhone by Apple
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PowerRating) without requiring a two-year contract. The new month-to-month option will be available as of March 26.
Profit-taking was especially pronounced in financial stocks, many of which have racked up significant gains over the past several days. JP Morgan Chase & Company
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PowerRating) was down nearly 8% late in trading on Thursday, while Morgan Stanley
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PowerRating) lost more than 13%.
In the wake of the controversy over retainment bonuses paid by American International Group
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PowerRating), the U.S. House of Representatives passed legislation levying a 90% tax on bonuses paid by companies that received public assistance.
The spike in gold and continued strength in copper has helped the share price of companies like Freeport McMoran Copper & Gold
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PowerRating), which gained more than 5% on Thursday, but closed off its highs.
Sony Corporation
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PowerRating) announced a plan to freeze salaries for full-time employees for a year as part of a cost-cutting initiative.