| NASDAQ FUTURES LIVE | DATE | VALUE | CHANGE | OPEN | HIGH | LOW | TIME |
|---|---|---|---|---|---|---|---|
| NASDAQ 100 | Jun12 | 2,468.25 | -36.50 | 2,508.00 | 2,521.00 | 2,467.00 | 05/18/2012 |
Live Rates of Nasdaq Futures …
By Ryan Vlastelica
NEW YORK (Reuters) – U.S. stocks were little changed on Friday, reversing earlier gains after Facebook Inc stumbled in its market debut after a delayed opening.
Shares of the social networking giant were v…
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It’s all Facebook (Nasdaq: FB ) all the time. With no economic news scheduled and no major earnings reports, expect the social network to dominate today’s news.
Shares of the hotly anticipated IPO finally begin trading today, after selling at $38 to initial buyers. The offering will bring in $16 billion for the social network, which many expect to lead to more acquisitions. Facebook recently purchased mobile photo-sharing app Instagram for $1 billion.
Facebook’s IPO appeared to be causing a sell-off in other tech stocks yesterday as investors make room for the social network’s shares. The Nasdaq (INDEX: ^IXIC ) , where Facebook shares will be trading, dropped more than 2% yesterday.
Meanwhile, the Dow Jones Industrial Average (INDEX: ^DJI ) fell more than 1.2%, but Dow futures were heading north in early morning trading, up about half a percent.
Asian markets were all down overnight, with the Nikkei dropping 3%, as concerns over the future of the eurozone, highlighted by Moody’s downgrade yesterday of 16 Spanish banks, continue to weigh on global markets. The Commerce Department’s decision yesterday to impose steep tariffs on solar-panel imports, aimed at counteracting China’s subsidies, also promises to stoke the U.S.-China trade war.
European markets were mixed in Friday afternoon trading, as they recovered early losses.
JPMorgan Chase (NYSE: JPM ) continues to be in the spotlight after a recent trading loss ballooned to $3 billion. CEO Jamie Dimon has agreed to testify before Congress as debate in Washington has heated up over financial reform. Shares of the bank were nearly up a percent in pre-market trading, bouncing back from a 4% loss yesterday.
News sources also reported Thursday that Hewlett-Packard (NYSE: HPQ ) plans to cut 25,000 to 30,000 jobs, or up to 9% of its workforce. The job cuts are the latest bit of bad news for the PC maker, which has been unable to find a foothold in the booming mobile market. The company could announce the layoffs during its quarterly report next Wednesday. CEO Meg Whitman has said she wants to pump more money into research and development and needed to make cuts in other areas to do so. HP shares were up 1% in pre-market trading.
Don’t believe the hype
Facebook shares are all the rage, but it turns out the hot Internet stock doesn’t come without weaknesses. Despite the social network’s 900 million members, almost all of its revenue comes from advertising, and the growth opportunity there appears to be smaller than investors had hoped for. Lucky for you, our experts have found another Internet company that has multiple revenue streams and is growing faster than Facebook. Get the details on this hot stock in our brand-new special free report: “Forget Facebook — Here’s the Tech IPO You Should Be Buying.” Get your copy.
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NEW YORK (Reuters) – Stocks hit a four-month low on Thursday as rising Spanish bond yields increased investor anxiety over that country’s banks and another round of weak data undermined hopes for U.S. economic recovery.
Growing worries ov…
By Caroline Valetkevitch
NEW YORK (Reuters) – World stocks fell for a fifth day and Brent oil prices dropped 2 percent o n T hursday on concerns about the health of Spain’s banks and the prospect of Greece leaving the euro zone.
…
By Chuck Mikolajczak
NEW YORK (Reuters) – U.S. stocks hit a four-month low on Thursday as rising Spanish bond yields increased investor anxiety over that country’s banks and another round of weak data undermined hopes for U.S. economic re…
NEW YORK (Reuters) – Stocks fell in a volatile session on Wednesday as news that the European Central Bank had stopped providing liquidity to some Greek banks unnerved investors ahead of the release of minutes from the Federal Reserve later in the day….
By Caroline Valetkevitch
NEW YORK (Reuters) – The euro fell to a four-month low against the dollar and global stocks dropped on Tuesday as Greece’s decision to hold new elections added to uncertainty about its future and a possible exit f…
NEW YORK (Reuters) – U.S. stocks slid on Monday as investors dealt with the one-two punch of worsening political upheaval in the euro zone and the possibility that China’s economy may be softening more than previously thought.
Based on th…
SAN FRANCISCO (MarketWatch) — With major U.S. stock markets off their highs for the year and renewed worries building about Europe, investors are wondering whether they should put their money into hibernation if the bears maul the market once …
SAN FRANCISCO (MarketWatch) — With major U.S. stock markets off their highs for the year and renewed worries building about Europe, investors are wondering whether they should put their money into hibernation if the bears maul the market once …
LOS ANGELES (MarketWatch) — J.P. Morgan Chase & Co. shares fell more than 5% Thursday evening after the company said it had a “significant” credit portfolio loss, and shares of Nordstrom Inc. slumped as the upscale retailer’s quarte…
NEW YORK (Reuters) – Stocks fell for the fifth day in six on Wednesday as investors kept their focus on the turmoil in Europe, but news that Greece will receive its latest debt bailout payment helped cut losses late in the session.
In the…
NEW YORK (Reuters) – Stocks fell for the fifth day in six on Wednesday as investors kept their focus on the turmoil in Europe, but news that Greece will receive its latest debt bailout payment helped cut losses late in the session.
In the…
By Herbert Lash
NEW YORK (Reuters) – Global shares slid for a sixth day while safe-haven U.S. and German government debt rose on Wednesday as rising fears about the fragility of Spanish banks and a political impasse in Greece worsened fea…
NEW YORK (Reuters) – Global shares slid for a sixth day while safe-haven U.S. and German government debt rose on Wednesday as rising fears about the fragility of Spanish banks and a political impasse in Greece worsened fears about the euro zone debt cr…
NEW YORK (Reuters) – Stocks ended lower on Tuesday after political developments in Greece fanned concerns about Europe’s fiscal health, but a late rally helped indexes cut losses to close well above lows.
Stocks spent most of the session …
By Rodrigo Campos
NEW YORK (Reuters) – Investors sold risk assets like the euro, oil and stocks on Tuesday as Greece’s commitment to bailout pledges was put into question, adding to concerns over a possible Franco-German split on policies…
By Angela Moon
NEW YORK (Reuters) – Investors brushed off Europe’s election results, as the S&P 500 rebounded from early losses to end nearly unchanged on Monday, despite the uncertainty surrounding the euro zone’s ability to tackle i…
NEW YORK (Reuters) – Investors brushed off Europe’s election results, as the S&P 500 rebounded from early losses to end nearly unchanged on Monday, despite the uncertainty surrounding the euro zone’s ability to tackle its debt crisis.
…
By Angela Moon
NEW YORK (Reuters) – U.S. stocks mostly rose by late afternoon trade on Monday, with financial shares taking the lead as investors shrugged off Europe’s election results that cast doubt on the region’s ability to tackle its…
