U.S. markets fell for the third consecutive session in 2014 Monday due to weaker-than-expected data from the services sector. The Institute for Supply Management index fell to 53.0 percent for December, down from 53.9 percent in November, and short of economists’ expectations of 55.0 percent. The S&P 500 Index declined 0.25 percent, down 1.07 so far in 2014, while the Dow Jones declined 0.27, down 0.91 in 2014. "After the superb gains in 2013, a modest pullback in the S&P 500 is both warranted and understandable," said Terry Sandven, senior equity strategist at U.S. Bank Wealth Management.
eBay Inc. (NASDAQ: EBAY) shares traded in the range of $51.21 to $52.46 Monday before settling to close at $51.78, a decrease of 2.78 percent. The stock appears to be facing some resistance at the $52.21 and $52.78 levels with some support at $51.25. Shares of eBay have fallen approximately 2.0 percent in the past year.
More information on eBay and access to the free equity report can be found at: www.WallStreetFundamentals.com/EBAY
Groupon Inc. (NASDAQ: GRPN) shares traded in the range of $11.87 to $12.42 Monday before settling to close at $11.89, a decrease of 1.57 percent. The stock appears to be facing some resistance at the $12.26 and $12.64 levels with some support at $11.69. Shares of Groupon have gained approximately 125.0 percent in the past year.
More information on Groupon and access to the free equity report can be found at: www.WallStreetFundamentals.com/GRPN
Microsoft Corporation (NASDAQ: MSFT) shares traded in the range of $36.11 to $36.89 Monday before settling to close at $36.13, a decrease of 2.11 percent. The stock appears to be facing some resistance at the $36.28 and $36.96 levels with some support at $35.86. Shares of Microsoft have gained approximately 35.0 percent in the past year.
More information on Microsoft and access to the free equity report can be found at: www.WallStreetFundamentals.com/MSFT
Twitter Inc. (NYSE: TWTR) shares traded in the range of $63.50 to $66.87 Monday before settling to close at $3.93, a decrease of 3.93 percent. The stock appears to be facing some resistance at $72.95 with some support at the $65.68 and $58.37 levels. Shares of Twitter have gained approximately 45.0 percent since its IPO.
More information on Twitter and access to the free equity report can be found at: www.WallStreetFundamentals.com/TWTR
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