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Top Stories London Markets: Europe, China worries weigh on U.K.’s FTSE 100 London stocks drop on Friday, with banks and energy majors bearing the brunt of losses.
Market Snapshot: U.S. stocks off after Facebook as Greek fears loom U.S. stocks resume losing streak on uncertainty about how Europe’s debt troubles will play out.
Currencies: Dollar index slips after 14-session rally The U.S. dollar index edges lower against most major currencies, pulling back a bit after its longest rally since at least 1985, as traders anticipate news from this weekend’s Group of Eight meeting.
Zynga halted after FB launch, 13% drop Trading in shares of Zynga Inc. is halted after the social gaming company’s stock falls 13% after the launch of Facebook’s IPO. Other social media stocks also post sharp losses after IPO.
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May 18, 2012 12:54 PM EDT
The economies, both foreign and domestic, were in focus on Tuesday. Britain announced plans to cut spending and increase taxes to get its fiscal house in order by 2015. The total will save an estimated $59 billion per year. As good as the news might be for the budget, it isn’t the best news in the world for keeping demand running high. There were also further Spanish banking fears, as we get closer to hearing about their test results from the ... full story >>