Stocks closed the holiday-shortened week slightly lower, following economic news that did not live up to expectations. On the day, the Dow Jones Industrial Average gave back 29 points; the NASDAQ lost four points; and the S&P 500 dropped nearly one point.
In June, Verizon Communications (VZ) completed a significant acquisition with the purchase of AOL for about $4.4 billion in cash. Using a Value Line report can help readers evaluate the merger, and the telecom company’s investment prospects.
The second half begins with a late first-half burst of strength. On point, just days after figures were released confirming increases in housing activity, personal income, and consumer confidence comes word of a somewhat better showing on the manufacturing front as the opening six months concluded.