June 4, 2012 |
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.
May 22, 2012 |
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.