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MarketWatch for Friday, July 26, 2013

If you're keeping on top of the stock markets this morning, Friday, July 26, 2013...
If you're keeping on top of the stock markets this morning, Friday, July 26, 2013...


The Nikkei dropped 433 points in Tokyo today, losing nearly 3 percent of its value.
The Dow rose 13 points Thursday.
The Nasdaq added 25.


Amazon lost $7 million last quarter because of higher costs, but sales at the number one internet retailer  climbed more than 22 percent.

Profit at Starbucks jumped 25 percent last quarter - that beat Wall Street's estimates.  The coffe chain also raised it profit outlook for the year.

And Zynga -- the company behind online games Farmville and Words with Friends--  said it lost less money than expected last quarter but offered a disappointing outlook.

Facebook soared 30 percent to $34.36 a share - its highest close since the day the company went public in may of 2012. Investors bid up the stock after the social media giant easily beat Wall Street's profit forecasts as mobile ad revenue rose.

Mortgage rates are lower for a second straight week. According to Freddie Mac the average rate on a 30 year loan fell to 4.31 percent down from 4.37 percent while the rate on a 15 year loan declined to 3.39 percent.

At least one company is sticking by embattled celebrity chef Paula Deen. A North Carolina based company says it will continue to market Deen's furniture collection. Many companies including Food Network, Target and Smithfield Foods cut ties with Deen after she admitted to using a racial slur in the past.

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