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Here's your look back at the week's market moving news
Spanish politics kicked off the week, ushering uncertainty as anti-austerity parties made
big gains, robbing the conservatives of their majority.
It's been a rough week for oil as high supplies pushed Brent Crude prices below $36.20 a barrel,
the lowest since July 2004.
On the data front, U.S. third quarter GDP surprised on the upside, but remains sharply
lower than the 3.9% recorded in the second quarter while the U.K's reading disappointed,
coming out below expectations at 0.4%.
Meanwhile, Nike stock soared 3% higher after it beat expectations announcing a 20% increase
in future orders.
But over at chipmaker Micron, revenues fell 27% sending the stock lower. Micron's shares
have fallen nearly 60% since the beginning of the year.
In other corporate news, reports say McDonalds could be looking to sell between 15 and 33
percent of shares in its Japan Unit. It was a good week for space enthusiasts as
Elon Musk's SPACE X reusable rocket succeeded in landing back on Earth after delivering
11 satellites in orbit.
While NASA revealed it's testing how to grow potatoes on Mars but announced it was delaying
a mission to go there by at least 2 years due to faulty equipment.
Back on Earth, FIFA suspended Sepp Blatter and UEFA President Michel Platini for eight
years from all football activities and of course Christmas was celebrated around the
world, kicking off Boxing Day sales in many countries.
And that concludes your week in review.