Facebook stock jumped from $38 to as high as $45 in the opening … But small investors, mistrustful of the market, are still pulling money out of stocks.
Tag: stocks
Bank Order Led to Losing Trades
J.P. Morgan’s Efforts to Shield Itself From European Market Fallout Prompted Disastrous Bets
J.P. Morgan Chase & Co. told traders several months ago to make bets aimed at shielding the bank from the market fallout of Europe’s deepening mess. But instead of shrinking the risk, their complicated bets backfired into losses of as much as $200 million a day in late April and early May, people familiar with the situation said.
Stocks Higher on Wall Street
Positive economic data spurs a rise in the stock indexes
Stocks rose on Thursday December 22nd putting the Standard & Poor’s 500-stock index on the cusp of finishing out the year higher as another decline in jobless claims pointed to further improvement in the labor market.
Stock Market News for December 23, 2011
Stock Market News for December 23, 2011-Investors received a pre-Christmas gift in the form of encouraging economic data, which led the benchmarks higher on Thursday.
Stock Market Sees Best Month In Nearly A Decade, After Big Drop
Stocks had their best month in almost a decade, rising from their low point of the year in an almost uninterrupted four-week rally. The juice mostly came from Europe, which appeared to finally find a strategy for taming its debt crisis.