Nasdaq

8:04am

Mon May 21, 2012
The Two-Way

On Its Second Day, Facebook Stock Drops

Originally published on Tue May 22, 2012 7:54 am

After its much-ballyhooed initial public offering on Friday ended with the stock's price just about where it started, Facebook ended sharply lower today.

Just after the start of trading, the social media giant's shares were trading around $33, down 13 percent about $5 from Friday's close. At close, it ended 11 percent lower at $34.03.

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1:08pm

Fri May 18, 2012
The Two-Way

What Facebook May Mean For Your Portfolio, Even If You Didn't Buy It

Originally published on Fri May 18, 2012 4:25 pm

Facebook shares began trading on Nasdaq shortly after 11:30 a.m. on Friday.
Richard Drew AP

Don't worry if you missed out on Facebook's initial public offering. Chances are, if you own shares in a broad-based index fund, you'll be holding onto some Facebook soon enough.

Facebook is such a huge offering -– with an initial market capitalization of more than $100 billion, it instantly becomes one of the 25 largest "cap" stocks — that it could have a distorting effect on some funds, at least in the short term.

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2:49pm

Fri February 3, 2012
The Two-Way

On Positive Jobs Report, Nasdaq Hits 11-Year High

The better-than-expected jobs numbers released today, sent the markets into positive territory they hadn't seen in years.

The Nasdaq Composite rose to an 11-year high, while the Dow hit its highest reading in almost four years. The S&P gained 1.4 percent, marking its best start to a new year since 1987.

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