Geopolitical Unrest does Little to Unsettle the Stock Market – AbbVie (NYSE:ABBV), Shire (NASDAQ:SHPG), Google Inc. (NASDAQ:GOOGL), General Electric (NYSE:GE), IBM (NYSE:IBM), Apple Inc. (NASDAQ:APPL) and Amazon (NASDAQ:AMZN)

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By mmejia on July 22, 2014 Consumer Staples

On Friday, the stock average in the U.S. was reported to have significantly gone up since investors bought shares in equity after their withdrawals in the relatively uncertain preceding session.

The Dow Jones industrial Average had risen about 0.57% and equaled to 17074.18 and the S&P 500 had risen about 0.75% and equaled to 1972.91. The NASDAQ had advanced 1.15% and had reached 4413.75.

On Thursday, the index for standard stock was brought to a conclusion after the market was faced with the highly unsettling announcement of a Malaysian Airlines plane crash. The unfortunate happening caused the assassination of all 298 people present on the plane. The intelligence of the United States as well as the military have stated and claim to be quite sure that the aircraft was shot down by a missile manufactured by Russia. This missile is called the SA-11 or Buk and is used by the Russians for air defense. The details of the incident are still quite vague and it is difficult to pinpoint whether Russia is the guilty party or Ukraine as both keep holding the other responsible. It is also hard to predict if the happening was intentional or if they were unaware of the fact that their target was a passenger plane.

In addition to this disastrous occurrence, the market is also under pressure due to the troublesome circumstances at the border of Israel and Gaza. The Israelis are advancing further into Palestine every day, equipped with weapons and machinery, and intend on whitewashing the entire base of Hamas.

The economic indicators outlined by the United States, for their Thursday meeting are the University of Michigan Consumer Sentiment Index as well as the Conference Board’s Index of Leading Indicators.

Headlines on Thursday highlighted various companies for instance AbbVie (NYSE:ABBV), Shire (NASDAQ:SHPG), Google Inc. (NASDAQ:GOOGL), General Electric (NYSE:GE), IBM (NYSE:IBM), Apple Inc. (NASDAQ:APPL) and Amazon (NASDAQ:AMZN).

AbbVie (NYSE:ABBV), the popular drug manufacturers of U.S., have announced their successful agreement with an Irish pharmaceutical company called Shire (NASDAQ:SHPG) and have bought the company for 455 billion. AbbVie (NYSE:ABBV) has risen 2.4% and has now reached $54.80 and Shire (NASDAQ:SHPG) rose 2.4% and is now up to $258.08.

The earnings for Google Inc. (NASDAQ:GOOGL) in the second quarter of the year were quite favorable and were more than what was predicted by analysts. The revenue peaked 21.7% since last year and went up to $15.96 billion even though a maximum of $15.61 billion was expected of them. Shares had risen 3.1% to $598.56.

On Friday, General Electric (NYSE:GE) had gone down by 0.79% to $26.40 and had declared their earnings for the second quarter to be 39 cents per share or revenue that totaled to $36.2 billion.

The profit for IBM (NYSE:IBM) for their second quarter went as high as 28%, which was a higher value than anyone expected. Shares descended 0.25% to $192.

After Bill Campbell’s 17 year tenure at Apple Inc. (NASDAQ:APPL), when the company hired Susan Wagner as director, who was previously a partner at BlackRock, shares for Apple Inc. (NASDAQ:APPL) escalated 1% and reached $94.01.

Following their initiation of ‘Kindle Unlimited’ for $9.99 every month available on any device, the stock for Amazon (NASDAQ:AMZN) ascended 1.6% and reached $357.91.