The S&P 500 Index (INDEXSP: INX) dropped 1.3 percent to 1,440.67, the worst weekly fall since June 1. The benchmark index still rose 2.4 percent in September for the fourth consecutive monthly rally, and completed the third quarter with a 5.8 percent gain. There were nine groups out of 10 in the S&P 500 that faced a fall for the week, with companies most tied to economic growth reporting the largest declines.
Sprint Nextel Corporation (NYSE:S) was down after Research analyst Craig Moffett said that the iPhone5 will underline disadvantages in Sprint Nextel’s LTE network, even after the network is completed in 2013. The stock’s price decreased in the last trading session with a previous 52-week high of $5.76.
The stock traded at a volume of 56.88 million shares at a price loss of -1.43%. The share price is now up 69.33% for the past three months. Latest closing price was 5.14% above its 50-day moving average and 3.53% above its 200-day moving average.
Ford Motor Company (NYSE:F) declined sharply as rival General Motors Company (NYSE:GM) performed better than all other major automakers in the U.S. For this company, a return of 158.42 percent on equity was realized due to the financial situation. Last twelve months’ earnings per share reached a value of $4.42.
Last fiscal year, $0.20 has been paid in form of dividends to investors. Earnings are projected to move up 7.48 percent for the coming five years. The stock closed at $9.86, down -0.16 points or -1.60% from previous close and at a distance of -2.24% from 20-day simple moving average.
Cisco Systems, Inc.’s (NASDAQ:CSCO) shares moved up on Friday after being selected by Itaú BBA to provide IT environment. Shares of this company traded up 1.60% during trading Friday, hitting $19.36. The stock has a 52 weeks low of $14.93 and 52 weeks high of $21.30.
The company has a market cap of $101.01 billion and a P/E ratio of 12.82. The P/S ratio is 2.19 and P/B ratio 1.97. Dividend yield stands at 2.93 percent. The beta value is 1.24. CSCO’s RSI amounts to 58.48.
AT&T Inc. (NYSE:T) was not once above neutral line after failing to reach an employment agreement with the Communications Workers of America. The company has a market value of $217.49 billion. It employs 242,380 people, over the last 12 months has generated revenue of $127.38 billion and has a net income of $4.43 billion. The firm’s operating margin is 7.98 percent and net profit margin 3.67 percent. The latest closing price of its shares moved up 37.33% from the 50-day moving average.