Stocks closed out an ugly week. Despite initial euphoria surrounding Facebook's public debut, the social network's shares barely popped above its offering price and failed to inspire investors to buy into the broader market.
Facebook is finally trading. And even though the stock didn't explode out of the gate, the company is still worth more than $100 billion. It shouldn't be.
Whether you do or don't like Facebook, you may already own a piece of the social media site: over the past year, nearly 70 mutual funds have snapped up pre-IPO shares on private markets.
Equity markets were rattled back-and-forth as Euro zone debt drama swept over Wall Street for another week. Volatility levels climbed higher across asset classes as profit taking pressures and bargain buying ...
Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six ...
Shares of some top chemicals companies were mixed at the close of trading:Dow Chemical Co. rose $.06 or .2 percent, to $29.45.DuPont Co. fell $.87 or 1.8 percent, to $47.97.
Stocks fell Friday as investors set aside any excitement over the Facebook initial public offering and focused on Europe's debt problems. As recently as May 1, the Dow was up 8.7 percent for the year. ...