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Top Stories Lawrence G. McMillan: Stocks are severely oversold Massive oversold conditions indicate that this short-term rally should be able to carry further.
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.”
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May 23, 2012 6:45 PM EDT
Investors started the day in a better mood after Wednesday�s upside reversal was greeted with a better-than-expected dip in Weekly Jobless Claims. Last week showed a decline of 31,000 to 473,000. The prior week was revised to a reading of 504,000. Expectations were for a small dip to 490,000, but this is significant. Over the previous two months, estimates had been holding in the 450,000 to 460,000 area. Even as the weekly data failed to compl... full story >>