S&P 500 surges to record high following bullish trends
On Monday, July 21, 2014, the US equity markets closed the session on a negative note as the S&P 500 lost 0.23%, ending at 1,973.63. Investors remained cautious about Israel’s ground invasion in Gaza and the possible tougher sanctions against Russia, which affected market movements during the day. The tech-heavy Nasdaq Composite Index finished at 4,424.70, falling 0.17%, and the Dow Jones Industrial Average ended the day at 17,051.73, down 0.28%. All the sectors ended the session in the red, except Energy, which gained 0.15%.
Facebook and Twitter bet on impulse purchases alongside posts
The competition is heating up among social media giants Facebook Inc. (NASDAQ:FB) and Twitter Inc. (NYSE:TWTR) in the way they leverage their social network to enable people to make purchase goods directly without leaving their site or app. Social networking sites are eyeing impulse purchases from goods and services displayed alongside posts.