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Top Stories Market Extra: Facebook order canceled? Not so fast A young retail investor relates how his brokerage tells him a a Facebook order he cancelled amid the IPO debut’s trading problems on Friday may get filled, at the reduced value. Such anecdotes risk killing already shaky retail interest in stocks.
Pandora cuts loss; revenue beats targets Online radio company also raises revenue forecast for fiscal year
Dell shares dive, analyst points to ‘Apple effect’ The PC maker’s stock takes a drubbing after it highlighted the effect of macroeconomic worries and the impact of tablets and smartphones on consumer PCs. One analyst called the latter the “Apple effect.”
Stocks to Watch: Stocks to Watch Thursday: NetApp, H-P NetApp Inc., Hewlett-Packard Co., Pandora Media Inc., Costco Wholesale Corp. and H.J. Heinz are among the stocks that could see active trading on Thursday.
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May 23, 2012 6:24 PM EDT
July Durable Goods Orders provided a negative impetus to start trading on Wednesday. Orders rose only 0.3% versus expectations for a gain of 3.0%. June was revised to a better reading, slipping just 0.1% versus the initial reading of down 1.0%. Durable goods orders ex-transportation was off 3.8% versus expectations for up 0.5%. One of the key components is the core capital goods, excluding aircraft. Due to transportation equipment surging 13.1... full story >>