*European shares rebound, Wall Street rallies, Yahoo shines. Wall Street rallied for a third straight day. The relief rippled through Asian markets then spread to Europe and Wall Street.» Read More
SAN FRANCISCO— The stock market's laws of gravity are ravaging its highest fliers. Stung by the abrupt change in sentiment, the stocks of recent stars such as Netflix, Facebook, Twitter and LinkedIn are 20 percent to 45 percent below their recent peaks. The S&P 500 is 4 percent off its recent high on April 2.
Global equities fell to two-week lows, triggered by selling on Wall Street on Thursday. Wall Street stocks continued their decline on Friday, spurring a broad risk-averse environment that led to selloffs in higher-yielding and emerging market currencies.
Cisco Systems Inc. fell. 8 percent to $22.46 with 47,023,900 shares traded. Facebook Inc. fell 1.1 percent to $58.53 with 85,527,500 shares traded. Gilead Sciences Inc. rose. 8 percent to $66.03 with 35,640,900 shares traded.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. rose. 2 percent to $35.20 with 34,303,500 shares traded. Alcoa Inc. fell 1.3 percent to $12.54 with 44,879,300 shares traded.
DETROIT— Shares of General Motors Co. sank to a 10- month low Friday amid continuing fallout from a mishandled recall of 2.6 million small cars. The stock fell $1.37, or 4.1 percent, to close at $31.93, with most of the decline in the middle of the afternoon.
*MSCI World index down 0.7 pct, European index down 1.4 pct. *Thursday's sharp sell-off on Wall Street takes global toll.
NEW YORK, April 11- U.S. The sell-off in global equities persisted in the wake of disappointing quarterly results from JPMorgan Chase& Co., the biggest U.S. bank. "This equity market meltdown has brought a' fear' bid into bonds," said Larry Milstein, head of government and agency trading at R.W. Pressprich& Co. in New York.
CHICAGO— Grain futures were mixed Friday in early trading on the Chicago Board of Trade. Wheat for May delivery was unchanged at 6.6225 a bushel; May corn was 1.75 cents higher at 5.03 a bushel; May oats were unchanged at 4.05 a bushel; while May soybeans 15.25 cents lower at 14.67 a bushel.
*Fed to buy $2.0- $2.5 billion notes due in 2021-2024. NEW YORK, April 11- U.S. "This equity market meltdown has brought a' fear' bid into bonds," said Larry Milstein, head of government and agency trading at R.W. Pressprich& Co. in New York.
NEW YORK— Weaker earnings at JPMorgan Chase are dragging bank stocks lower in midday trading. The Nasdaq fell another 15 points, or 0.4 percent, to 4,039 as of noon Eastern time Friday. JPMorgan Chase led a decline in bank stocks after reporting weaker earnings because of a decline in bond trading and mortgages.
Weaker earnings at JPMorgan Chase dragged bank stocks lower. Stocks fell from the open on news that JPMorgan had missed analysts' earnings estimates. Facebook fell 1.1 percent, after a 5 percent drop on Thursday.
*JPMorgan falls, Wells Fargo flat after results. NEW YORK, April 11- U.S. stocks were set for a lower open on Friday after earnings from JP Morgan Chase, putting the S&P 500 on track to continue its selloff after suffering its biggest drop in two months.
Other factors influencing crude supplies included a report that U.S. crude reserves rose to a 38- year high and the delayed reopening of export terminals in Libya. By early afternoon in Europe, benchmark crude for May delivery was down 15 cents to $103.25 a barrel in electronic trading on the New York Mercantile Exchange.
SAN FRANCISCO— Gap Inc. said Thursday that a key sales measure fell more in March than the market had expected, partly because of bad winter weather. Shares of the San Francisco- based company, which owns the Gap, Banana Republic and Old Navy brands, fell nearly 3 percent in after-hours trading following the announcement.
*Greece makes successful return to bond markets. NEW YORK, April 10- Wall Street stocks tumbled on Thursday as investors exited technology and biotech shares, extending recent weakness and knocking the Nasdaq down by more than 3 percent.
SEATTLE— Online retailer Amazon said Thursday it's buying digital comics company comiXology for an undisclosed sum. Amazon said the acquisition will help it offer more and better digital comic books and graphic novels. Shares of Amazon.com Inc. fell $14.79, or 4.5 percent, to $317. amid a broader market sell-off.
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Rite Aid Corp., up 54 cents to $6.94. Pier 1 Imports Inc., down 2 cents to $18.20.
NEW YORK— Gold and silver prices rose Thursday as the stock market went into retreat. Platinum for July delivery rose $21.20, or 1.5 percent, to $1,460.10 an ounce. Palladium for June delivery rose $9.75, or 1.2 percent, to $792.30 an ounce.
NEW YORK, April 10- The U.S. A steep selloff on Wall Street, where the major indexes lost between 1 and 3 percent, ramped up safe-haven bids for Treasuries and stoked demand at a $13 billion 30- year bond auction that fetched the lowest yield in 10 months.
NEW YORK— The Nasdaq had its worst day since 2011 as investors dumped biotechnology shares and other industries that have soared over the past year. Biogen Idec, Gilead Sciences and other biotech companies plunged. Facebook and Twitter, other recent investor favorites, also dropped.