Social networking giant ready to start trading at $38 a share; Yahoo reportedly in deal to sell at least some of its Alibaba assets back to the Chinese e-commerce company.

Europe stocks traded choppy with losses for miners and drinks makers, while banks rebounded from earlier losses related to a downgrade of Spanish banks by Moody’s Investors Service late the prior day, amid talk of a ban on short selling of those institutions.

Oil futures extend their losses Friday, looking at a sixth consecutive day of declines as investors remain concerned about global growth and demand for oil as the euro zone’s debt problems rage on.

Energy stocks pivot away from selling that’s gripped the sector for much of the month of May.

U.S. stocks attempt to bounce back from its week of losses, with shares of Facebook Inc. to begin trading shortly on the Nasdaq.

Salesforce and Autodesk are among stocks making notable moves in Friday trading.

Shares of Yahoo Inc. jump on a report that the Web portal is close to a deal with Alibaba on the company’s stake in the Chinese tech giant.

Choppy early trading among financials shows both winners and losers.

London stocks drop on Friday, with banks and energy majors bearing the brunt of losses.

Treasury prices fall, pushing 10-year yields up from their lowest level in history, as traders take a breather after a nine-week rally. They await comments from global officials at the weekend’s Group of Eight meeting.