Stocks Shrug Off Global Unrest
The market had another good day Tuesday after news on housing that distracted from tension in Ukraine. The Dow rose by nearly 89 points, the S&P 500 rose 13 points and the Nasdaq Composite climbed 53 points.
Microsoft (NASDAQ:MSFT) jumped $1.50 after Reuters reported that the company will unveil an iPad version of its office software suite.
Comcast (NASDAQ:CMCSA) CEO Brian Roberts is making big promises as he awaits the approval of the $45 billion Comcast/Time Warner merger. In an interview with USA Today, Roberts promised customers better service that will rival Uber, the on-demand car service app popular in major U.S. cities.
And Pandora (NASDAQ:P), the world's most popular music streaming service, is hiking prices from $1 a month to about $5 for ad-free listening.
The company says the cost of licensing music has spiked 53% over the past five years.