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Top Stories Financial Stocks: Nasdaq shares lead financial stocks lower Shares of NASDAQ OMX Group Inc. drop on Friday, weighing on the financial sector, as the exchange operator is hit by problems with the trading of shares of social networker Facebook Inc., which makes its eagerly awaited public debut.
Futures Movers: Oil extends losses, struggles to stay above $92 Oil futures extend 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.
Market Snapshot: U.S. stocks off after Facebook as Greek fears loom U.S. stocks nearly unchanged after Facebook Inc.’s trading debut and ongoing uncertainty about how Europe’s debt troubles will play out.
Market Extra: Rocky start for Facebook IPO’s Nasdaq open Facebook’s much-anticipated trading debut had a rocky start Friday morning, with the expected opening of the $16 billion initial public offering pushed back by about 30 minutes.
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May 18, 2012 1:02 PM EDT
It’s not that everyone wasn’t bracing for a bad New Home Sales report. The government stimulus required contracts be signed by the end of April. That should have left a huge hole for May, and it certainly did. What was unexpected was that April was revised down rather dramatically to 446,000 from 504,000. That’s a big miss. Then came May. Sales, or should I say “contracts” were down 32.7% to 300,000 units. Expectations were for 410,000. This w... full story >>