Stock Market

7:33am

Fri June 1, 2012
The Two-Way

Stocks Drop On Weak Jobs News

Originally published on Fri June 1, 2012 2:57 pm

Stock prices fell on Wall Street today as investors digested the much-weaker-than-expected report on job growth in May.

The damage? The Dow plunged 274 points or 2.2 percent. The Nasdaq fell 80 points or 2.82 percent.

CNN Money reports the Dow had the worst day of 2012, erasing "all its gains for the year."

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2:52pm

Tue May 29, 2012
The Two-Way

Facebook Stock Falls Another 9 Percent

Facebook's stock fell $3.07 to end the day at $28.84. That's first time it's fallen below $30 since the stock went public.

That price is also 24 percent below its opening price of $38.

The Wall Street Journal that the drop had to do with negative sentiment about the stock, as well as the fact that today traders were able to trade on derivatives.

The Facebook stock saw so much trading, the Journal reports, that it triggered Nasdaq's short sale circuit-breaker.

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4:29pm

Wed May 23, 2012
Business

Investors Question Fairness Of Facebook IPO

Originally published on Wed May 23, 2012 5:22 pm

Shares of Facebook on Wednesday made up a little of the ground they've lost since the company's troubled stock offering last week. But the company and its lead underwriter, Morgan Stanley, still face a lot of legal problems.

Some of the investors who bought shares of the company filed a lawsuit alleging that the two companies concealed information about Facebook's expected performance.

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9:26am

Tue May 22, 2012
The Two-Way

Facebook's Stock: What Should It Cost?

Originally published on Tue May 22, 2012 2:08 pm

Emmanuel Dunand AFP/Getty Images

As the downward pressure continues on the price of Facebook's newly issued shares, let's see what our collective financial wisdom tells us.

The initial public offering was priced at $38 a share. After technical snafus on Friday, and only thanks to lots of help from Facebook's bankers, that's about where the stock settled its first day.

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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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