A trio of events combined to lift the S&P 500 out of its month-long losing streak, putting the index up 2.9 percent for the week. The â??big threeâ?ť included the following.Â First, Facebookâ??s bumper earnings crop produced a 14.4 percent jump in the social media giantâ??s share price, allowing the company to end yesterdayâ??s session just off of its all-time high of $62.50.Â Second, even though Google took a $9 billion-plus hit, the companyâ??s expected sale of Motorola to Lenovo boosted the search engine companyâ??s share price 2.6 percent during the day, and then added another 4.6 percent in after-hours trading. Third, and finally, the Q4 U.S. GDP figures beat analystsâ?? estimates handily, adding to global confidence in Americaâ??s economic recovery. Yet, even these three bullish signs werenâ??t enough to lift the lagging index into positive territory for the month. But they are a start into the yearâ??s second month, and could offer investors a ray of sunshine as we exit January.
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