Market Insider
- Friday, 18 May 2012 12:15 PM ETBy: Rich Fisherman
Take a look at some of Friday's midday movers:
Online social media companies fell including LinkedIn [LNKD Loading... ()
], Zynga [ZNGA
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], Sina [SINA
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] and Groupon [GRPN
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] as Facebook [FB
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] opened. Zynga shares were halted on a single-stock circuit breaker. Pfizer [PFE Loading... ()
] - The stock fell after the pharmaceutical company said it recently recalled more than 650 thousand bottles of Advil liquid-gels in March due to the potential for a strong odor in the product. The company said the recall wasn’t at the consumer level. - Friday, 18 May 2012 9:31 AM ETBy: Bob Pisani
Wouldn't you love to be a fly on the wall at tonight's Group of 8 nations (G8) dinner at Camp David, particularly when President Barack Obama tries to take aside German Chancellor Angela Merkel and nudge her toward more growth-oriented initiatives?
Michael Gottschalk | AFP | Getty ImagesGerman Chancellor Angela MerkelMerkel is now effectively isolated from her European colleagues: from Spain's Mariano Rajoy, from Italy's Mario Monti, from France's Francois Hollande, and from the U.K.'s David Cameron.
The European Union leaders will meet in Brussels next Wednesday, but this is an important warm-up.
- Friday, 18 May 2012 7:47 AM ETBy: Peter Schacknow
Take a look at some of Friday's morning movers:
Facebook [FB Loading... ()
] - The social networking giant debuts today on the Nasdaq after pricing its initial public offering at $38 a share. Facebook is the largest Internet IPO in history and the third largest overall. Salesforce.com [CRM Loading... ()
] - The company reported quarterly profit of $0.37 per share, excluding certain items, three cents above estimates. The software maker also raised its full-year outlook as growth remains strong in all its regions. - Thursday, 17 May 2012 7:43 PM ETBy: Patti Domm
As Facebook’s giant IPO comes to market, record low yields in the bond market are warning of more trouble ahead for financial markets.
Bloomberg / Bloomberg via Getty ImagesThe Greek national flagThe hoopla surrounding the $16 billion offering was not enough to stave off a wave of selling in stocks Thursday. As stocks fell sharply into the market close, buyers piled into the long end of the bond market, driving the 10-year yield to a record low close of 1.702 percent. The move to record lows was mirrored in other markets as investors sought safety in German bunds and U.K. gilts.
- Thursday, 17 May 2012 4:40 PM ETBy: JeeYeon Park
Check out which companies are making headlines after-the-bell Thursday:
Moody's announced it downgraded 16 Spanish banks in addition to UK's Santander [STD Loading... ()
]. The ratings agency said the downgrades are due to adverse operating conditions amid Spain's renewed recession and unfavorable economic environment.U.S.-listed shares of European banks including Barclays [BCS Loading... ()
] and Deutsche Bank [DB
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] were trading lower. Meanwhile, large U.S. financials including JPMorgan [JPM
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], Citigroup [C
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] and Morgan Stanley [MS
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] were trading mixed. (Click here for after-hours quotes.)Facebook priced its historic IPO at $38 a share, at at the high end of the expected range of $34-$38, becoming the largest internet IPO in history. Facebook is set to begin trading Friday at around 11 am ET on the Nasdaq under the ticker “FB.” Other social network companies including Zynga [ZNGA Loading... ()
], LinkedIn [LNKD
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] and Renren [RENN
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] were trading mixed. (Click here for after-hours quotes.) - Thursday, 17 May 2012 4:38 PM ETBy: Sharon Epperson
Gold prices clawed their way out of bear market territory Thursday as June NYMEX gold futures spiked over $40 to more than $1575 an ounce, posting the biggest one-day gain of the year.
Anthony Bradshaw | Getty ImagesIn the previous session, gold [GCCV1 Loading... ()
] plummeted to its lowest price in 10 months, dropping 20 percent from its all-time high above $1900 to a $1526 intraday low. Technical analysts say that low may have sparked the rally. "Look for buying interest near 1520 to underpin a near-term uptick toward the 1600 area," Barclays analysts wrote in a note to clients Wednesday night.
Throughout the recent sell-off, gold bulls maintained the precious metal's more than decade-long rally would remain intact. Gold has gained a stunning 409 percent in the past 10 years.
- Thursday, 17 May 2012 4:33 PM ETBy: Bob Pisani
This market is in serious trouble. For three years, traders have been accustomed to buying stocks on modest dips of 3 to 6 percent or so.
Oliver Quilla for CNBC.comIt's not working this time.
There have been modest attempts to buy in the past week, but the buying interest has been light and it has made no difference.
- Thursday, 17 May 2012 11:44 AM ETBy: Rich Fisherman
Take a look at some of Thursday's midday movers:
SunPower [SPWR Loading... ()
] - moved higher after news that Apple [AAPL
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] plans to power its main U.S. data center entirely with renewable energy by the end of the year. Apple said it was buying equipment from SunPower and startup Bloom Energy to build two solar array installations near the data center in and around Maiden, North Carolina. Caterpillar [CAT Loading... ()
] fell on slowing machinery sales. Other machinery stocks Deere [DE
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], Manitowac [MTW
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], and Terex [TEX
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] also declined.
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EDITOR
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- Stocks to Watch: HPQ, FB, P & More
- Eurobond Talk: Good News and Bad News
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