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By:Joanna Alexander Courtney Potter Will Prout Kathy Ratajczak.

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Presentation on theme: "By:Joanna Alexander Courtney Potter Will Prout Kathy Ratajczak."— Presentation transcript:

1 By:Joanna Alexander Courtney Potter Will Prout Kathy Ratajczak

2 Enjoy the ride!

3  Dow10,655.30 -258.08 -2.36%  Nasdaq 2,335.83 -79.57 -3.29%  S&P 500 1,099.23 -32.19 -2.85% http://finance.yahoo.com/news

4 The Institute of Supply Management announced on Monday that its index of factory activity rose to 51.6 last month from 50.6 in August; A separate report from the Commerce Department showed an unexpected rebound in construction spending in August http://finance.yahoo.com/news/Manufacturing-sector-grows

5 Concerns Greece is closer to defaulting; Senate panel found that home-health care firms gamed the Medicare system; Slowdown in Venture-Backed I.P.O.’s; Global Markets Suffer Worst Quarter since 2008 over fear of Global Recession Fear of “contagion” in the financial system http://finance.yahoo.com.news

6 Tuesday Oct. 4 Late surge erases earlier losses on Wall Street Dow10,808.71 +153.41 +1.44% Nasdaq 2,404.82 + 68.99 +2.95% S&P 500 1,123.95 + 24.72 +2.25%

7 Fed Chairman Ben Bernanke said economic recovery is “close to faltering” Important objective is to avoid fiscal action that could impede recovery Europe’s debt crisis poses “ongoing risks” to US economic growth Recent indicators point to likelihood of sluggish job growth ahead Inflation likely to remain subdued Long term interest rates should fall by.2 percentage points due to Fed’s September efforts http://beta.finance.yahoo.com/news

8 Wednesday Oct. 5 Jobs picture remains fuzzy http://money.cnn.com/2011/10/05/news/economy/jobs_chall enger_adp/index.htm http://best-cpa-accountant.com/archives/207 Report announcing the addition of approximately 91,000 jobs was released to the public for the month of September 2011 Report later revised to record the addition of 89,000 jobs Who was the leader in creating jobs during this time period? Small businesses employing 1-49 employees was the leader in adding jobs during this time Unemployment still remains steady at 9.1% despite job additions.

9 Wednesday Oct. 5 After a 7 year battle with pancreatic cancer, Apple founder Steve Jobs passes away. http://www.latestcnnnews.com/apples-ex-ceo-died-at-an-age-of-56.html http://finance.yahoo.com/q/hp?s=AAPL&a=09&b=5&c=2011&d=09&e=5&f=2011&g=d http://www.huffingtonpost.com/2011/10/05/barack-obama-on-steve-job_n_997373.html What affect did Jobs’ death have on Apple’s stock price? What affect did Jobs’ death have on Apple’s stock price? Relatively little Apple’s stock price rose from an opening price of $367.86 to a closing price of $378.25. How will the market respond to the slightly improved iPhone 4s? How will the market respond to the slightly improved iPhone 4s? Seemingly not that different to the iPhone 4 Seemingly not that different to the iPhone 4 Will Apple continue to be the innovative giant it has made itself without Jobs’ influence? Will Apple continue to be the innovative giant it has made itself without Jobs’ influence? “Steve was among the greatest of American innovators - brave enough to think differently, bold enough to believe he could change the world, and talented enough to do it. The world has lost a visionary. And there may be no greater tribute to Steve’s success than the fact that much of the world learned of his passing on a device he invented.” - President Barack Obama


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