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Top Stories Tech Stocks: Tech stocks mixed ahead of Facebook debut 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 Markets: Europe stocks choppy after Spain bank downgrades 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.
Futures Movers: Oil extends losses to sixth day 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: Chesapeake paces gains as energy stocks rise Energy stocks pivot away from selling that’s gripped the sector for much of the month of May.
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May 18, 2012 10:31 AM EDT
China reassured the world markets and economies that they were not looking to unload Euro sovereign debt. I’m sure they are always “looking” at their portfolio holdings, but the markets had overreacted to the statement. On Wednesday, we had a nice follow-through day to Tuesday’s attempted reversal. The Dow was up about 120 points. After the reaction to the Financial Times story on China, the Dow finished the day down 70 points, a swin... full story >>