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Top Stories IPO Report: Facebook shares mixed in IPO debut Social network’s shares see mixed trades in debut as a public company. Facebook priced its $16 billion IPO at the high end of its expected range. India Stocks: India’s pharma, consumer stocks shine While Indian stocks are among the worst performers among Asian peers this year, the pharmaceutical and consumer discretionary sectors have been booming since March. 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. Canadian Markets: Canadian stock index gain as gold shares lead Toronto’s benchmark index tallies a second day of gains, keying in part off higher gold futures. See All Top Stories >> |
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Investors started the week with optimism helping boost the averages over key technical resistance, rallying above the prior rally high and above the 200-day moving averages for the various indices. Internationally, the news wasn’t all that great. The ECB and IMF are still struggling to convince the world that they have this crisis under control. There were two indicators that may have signaled to investors that the bad news had been priced in,... full story >>