The breakdown of Greece talks makes for a turbulent start to the week, while U.S. June jobs data will be closely watched in a holiday shortened week.» Read More
Stocks closed near session lows Friday, with all three major averages posting their worst weekly drop this year, as investors were cautious ahead of the weekend amid fears over the euro zone and euphoria over Facebook's trading debut fizzled.
Take a look at some of Friday's midday movers:
Jim Cramer’s researcher, Nicole Urken, dives into some broader themes when looking at the first day of Facebook as a public company.
The freshly minted tech millionaires and billionaires of Silicon Valley, including those benefitting from Facebook’s IPO today, are selling stock earlier and in larger numbers than previous generations of tech tycoons.
“What's happening now is nothing like the insanity that gripped the market in 1999,” Cramer said.
If the Facebook IPO is to succeed, it will have to overcome a less-than-stellar history of similar technology offerings that started quickly but soon faltered.
Stocks faded in the final hour of trading Tuesday to finish lower following news that Greek depositors withdrew 700 million euros from the nation's banking system and after Greece's leaders failed to agree on a coalition government.
Mark May, analyst with Barclays Capital, told CNBC’s “Squawk on the Street,” that Groupon’s share price pop is just the beginning for the three-year-old company.
Groupon might be up 17% today, but there are a lot of skeptics on the stock, reports CNBC's Seema Mody. Aaron Kessler, Raymond James senior internet analyst, also offers insight on the trending stock; and the FMHR crew share their trades on Amazon after Credit Suisse upgraded the stock to "outperform."
Mark May, Barclays Capital Equity Research analyst, breaks down Groupon's Q1 earnings beat of $0.02 EPS vs. $0.01 estimate, and explains why he has an overweight rating on the stock.
US stock index futures erased their gains to turn negative Tuesday after Greek party leaders failed to agree on a coalition government, trumping earlier euphoria over a batch of better-than-expected economic news.
Take a look at some of Tuesday's morning movers:
Facebook increases IPO range, Groupon beats estimates, Moody’s downgrades Italian banks, Tepper’s Appaloosa files 13F, private equity titan pays record price for Manhattan co-op.
Nearly two-thirds of active stock investors think Facebook is going to be overvalued when it goes public this week, according to the AP-CNBC poll.
“I don’t love the story but I do like the stock action,” says trader Guy Adami and price is truth.
CNBC's Julia Boorstin has the latest from Groupon's conference call.
Stocks closed sharply lower across the board Monday, with the S&P 500 breaking below the closely-watched 1,340 level, as worries over Greece's potential exit from the euro zone and fears over a slowdown in China kept investors on edge.
Check out which companies are making headlines after-the-bell Monday:
The daily deals site reported quarterly earnings and revenue that beat Wall Street's expectations on Monday, sending its shares higher in extended-hours trading.
Take a look at some of Monday's midday movers: