(EMAILWIRE.COM, January 31, 2010 ) Dallas, Tx - It was one of the most struggling weeks for the U.S markets, despite markets opened up on Friday, but didn’t manage to hold the gains and Dow fell 0.50% and lost 1% for the week, while the Nasdaq Composite Index declined about 1.50% on Friday and 2.70% for the week. The broader Standard & Poor's 500 Index also slid 1.1%.

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Jobs Creation On Target

Speaking to the nation and members of Congress in a high-stakes policy address, President Barack Obama used his first State of the Union speech to call for a host of job-creation measures and a redoubled effort to finish health-care reform in the midst of a newly challenging political environment for him and his party.

Another term for Bernanke

Federal Reserve Chairman Ben Bernanke survived hard-core opposition to his handling of the financial crisis by some Senate Republicans and Democrats and won approval on Thursday for a second four-year term. Although Bernanke received more "no" votes than any Fed chairman received ever, but in the end he was confirmed by a vote of 70-30.

US economy in Q4 grows fastest in six years

The US economy grew at its highest pace in more than six years in the recent quarter, surprising economists, as businesses curbed their aggressive efforts to cut stocks and stepped up spending.
In its first estimate, the Commerce Department said on Friday that Real gross domestic product grew at a 5.7% annual rate. The robust performance closed out a year in which the economy contracted 2.4%, the biggest fall since 1946.

Wednesday, Apple Inc. (NASDAQ:AAPL) finally launched its iPad, a new touch-screen tablet computer that Chief Executive Steve Jobs said would revolutionize how people access their digital content and change the future of personal computing. Jobs said the iPad is designed to fill a gap between the iPod touch and iPhone and its MacBook line of laptop computers.

Apple share fell about 5.50% during the week largely on the back of profit bookings after the company’s announcement.
Yahoo! Inc. (NASDAQ:YHOO) swung to profit compared to loss in the corresponding period of the last year. In addition to this, the company reported a fall of4.10% in its sales and beat the analysts’ estimates. Yahoo earned $119 million, or 11 cents a share, during the final three months of 2009, recovering from a loss of $278 million, or 22 cents a share, in a year-ago period. This was in-line with the anlysts’ estimates of 11 cents a share.
Yahoo! shares fell 5.50% during the last week.

Despite Microsoft Corporation (NASDAQ:MSFT), the software giant, reported a strong 60% growth in its profit, its share fell about 3.50% on Friday. Company’s fiscal second quarter net income grew 60% to $6.66 billion, or 74 cents a share, from $4.17 billion, or 47 cents a share, in the corresponding quarter a year ago. Revenue climbed 14% to $19.02 billion.

Netflix, Inc. (NASDAQ:NFLX) shares clearly bucked the trend and its share soared about 27% during the week. Netflix earned $31 million, or 56 cents a share, versus $22.7 million, or 38 cents, in the year-ago period. Excluding stock-based compensation, Netflix earned 59 cents a share in the latest three months. Revenue grew 24% to $444.5 million. Analysts had been expecting profit of 49 cents a share on revenue of $446 million. Netflix projects its First-quarter earnings should be at 47-58 cents a share on revenue of $490 - $496 million.

Chevron Corporation (NYSE:CVX) fell 1.50% on Friday after it posted a 37 percent drop in its fourth-quarter profit, citing higher crude prices. Chevron, the nation's second-largest oil company, reported earnings of $3.1 billion, or $1.53 per share, for the fiscal fourth quarter, compared to $4.9 billion, or $2.44 per share for the same period of 2008. Revenue increased 10.3 percent to $47.6 billion.


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