The three major indices (^DJI, ^IXIC, ^GSPC) have all spent their mornings in the red as stocks struggle here on the first day of the second quarter. One stock bucking the trend is the newest addition to the world of publicly traded companies, GoDaddy.com (GDDY). Shares spiked by as much as 30% over the IPO price when trading opened earlier this morning.
Here are some other stories Yahoo Finance is keeping an eye on today.
The almighty dollar is just that. The latest report from the International Monetary Fund finds the greenback is even more popular among central banks. The IMF says compared to other currencies, the percentage of dollars being held by the banks increased at the end of last year.
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Fiat Chrysler (FCAU) calls March a tough month. The carmaker reporting sales inched up just 2 percent, although that marks the 60th straight year-over-year increase. Still, Chrysler’s month was better than Ford’s (F) and General Motors'(GM)…both of them seeing sales declines in March.
And finally, it’s the egghead version of a celebrity cat fight. Former Treasury Secretary Larry Summers is using Ben Bernanke’s new blog to battle with the ex-Fed Chair over economic theory.
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- International Monetary Fund