Newly issued shares in Facebook may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before going underwater. Read More
The technical issues that marred Facebook‘s first day as a public company on Friday were embarrassing, but were not responsible for the decline in the social network’s stock price that led to an almost flat close for the day, the chief executive of the Nasdaq OMX Group said on Sunday. Read More
With Facebook shares trading close to their $38 offer price and revelations that retail investors got a larger-than-expected slice of the $18.4 billion IPO, market watchers are questioning whether the social network’s debut was overhyped — not just in the media, but in the investor community. Read More
Since the market reached a one-year low on October 4, the S&P 500 index is up 31 percent, trading near its highest level since May 2008. Do stocks have further room to run? Read More
Loomis Sayles Chief Market Analyst David Sowerby said Monday afternoon there’s a 50 percent chance of a 5 percent correction for the stocks. He says it happens on average twice a year and the market is due. Read More
In the past three months, the tide in financials has turned. The sector, which posted an 18 percent loss in 2011, has been consistently up each month this year. Read More