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BUSINESS
July 9, 2012 | By Andrew Tangel
Stocks edged lower in early trading on Wall Street today as public companies were set to report their profits for the second quarter, an indicator of the strength of the U.S. and global economies. The Dow Jones industrial average was down 55 points, or 0.4%, to 12,718 shortly after the opening bell. The Standard & Poor's 500 index was off 5 points, or 0.3%, to 1,350. The Nasdaq was down 7 points, or 0.3%, to 2,930. Major U.S. indexes lost about 1% Friday as the United States reported sluggish job growth in June.
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BUSINESS
June 28, 2012 | By Andrew Tangel
NEW YORK -- Stocks continued their slide in early trading on a Wall Street as the public digested the U.S. Supreme Court's ruling on President Obama's healthcare law. The Dow Jones industrial average was down 88 points, or 0.7%, to 12,536 shortly after the opening bell. The Dow hasn't budged since the high court released its highly anticipated ruling. The broader Standard & Poor's 500 index was down 8 points, or 0.6%, to 1,324. The Nasdaq was down 23 points, or 0.8%, to 2,852.
BUSINESS
June 4, 2012 | By Andrew Tangel
After opening slightly higher, U.S. stocks edged lower today in the first trading since Wall Street's gut-wrenching drops on Friday. The Dow Jones industrial average was down 33 points, or 0.3%, to 12,085 shortly after the opening bell. The broader Standard & Poor's 500 lost 3 points, or 0.3%, to 1,275. The tech-focused Nasdaq was down 4 points, or 0.1%, to 2,744. Major U.S. stock indexes lost more than 2% Friday after the federal government reported dismal hiring in May, renewing fears of a U.S. economic slowdown as Asia and Europe face struggles of their own. Major Asian stock markets were down sharply in Monday trading, while European indexes were mixed.
BUSINESS
May 22, 2012 | By Andrew Tangel
Facebook shares were taking another beating in early trading on Wall Street, falling more than 6% shortly after the opening bell. Facebook's stock was trading under $32 a share, $6 below its IPO price and where it settled on its first day of trading Friday. Facebook shares slid 11% on Monday. The social networking company's disappointing performance in its stock market debut is likely to continue to raise questions about the underwriting process for its highly hyped initial public offering.
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