IBTimes.com : Equities

Wall Street struggles to find Facebook's worth

Wed, 23 May 2012 00:40:02 SAST

In its three days of trading, Facebook's stock has dropped 18 percent from its $38 (24 pounds) issue price. For the thousands of investors that bought at the IPO, that's bad enough, but one analysis of its earnings prospects suggests it could get a lot worse - more like $10 a share.

Wall Street ends flat after late volatility

Tue, 22 May 2012 22:48:01 SAST

Stocks closed mostly flat on Tuesday after volatility late in the session, with weakness in materials and energy shares offsetting strength in financials.

Wall Street turns negative late in day

Tue, 22 May 2012 21:48:01 SAST

Stocks fell late on Tuesday as traders cited renewed market talk about the potential for Greece to leave the euro zone, while Facebook's stock fell towards session lows on doubts about its valuation.

Wall Street ticks higher, Facebook falls again

Tue, 22 May 2012 21:16:02 SAST

Stocks advanced on Tuesday, led by financial shares after a strong read on existing home sales encouraged buying in sectors tied to economic growth.

Wall Street gains on housing but rally ebbs

Tue, 22 May 2012 19:48:01 SAST

Financial and housing shares nudged Wall Street higher on Tuesday after existing home sales rose in April to their highest rate in nearly two years, but gains were capped by investors' concerns about the global economic outlook.

Wall Street's early rally fades, Nasdaq briefly drops

Tue, 22 May 2012 18:32:03 SAST

Stocks' early rally faded on Tuesday with the Nasdaq briefly dipping into negative territory and investors citing risks to the global economic outlook.

Strong miners, Vodafone help Britain's FTSE rally

Tue, 22 May 2012 18:08:02 SAST

Britain's leading share index jumped on Tuesday, driven by gains in mining stocks as the demand picture for metals was brightened by hopes of fresh moves by China to boost its economy.

Wall Street up on banks, housing data

Tue, 22 May 2012 16:48:01 SAST

Stocks rose on Tuesday, led by financial and housing shares, after home resales rose in April to their highest annual rate in nearly two years in another sign that the housing market may be on the road to recovery.

Wall Street climbs after housing data

Tue, 22 May 2012 16:32:02 SAST

Stocks rose on Tuesday, driven by financial and housing shares, after home resales rose in April to their highest annual rate in nearly two years in another sign that the housing market may be on the road to recovery.

Wall Street little changed at open

Tue, 22 May 2012 16:00:04 SAST

Wall Street opened little changed on Tuesday as concerns about global growth weighed on investor sentiment, while shares of Facebook continued their post-IPO slide.

Facebook shares fall as valuation doubts rise

Tue, 22 May 2012 15:48:04 SAST

Shares of Facebook fell again at the open on Tuesday as doubts about the company's valuation increased after Reuters reported that underwriters cut their revenue forecasts for the social networking site shortly before the IPO. [ID:nL4E8GM35V].

Wall Street set for flat open; Facebook down premarket

Tue, 22 May 2012 15:16:02 SAST

Wall Street was set to open little changed on Tuesday as concerns about global growth weighed on investor sentiment.

Stocks futures turn higher after Best Buy results

Tue, 22 May 2012 14:32:02 SAST

Stock index futures rose on Tuesday, erasing earlier losses, after shares of No. 1 consumer electronics chain Best Buy jumped following earnings and revenue that topped expectations.

Stock futures drop on global growth concerns

Tue, 22 May 2012 14:08:02 SAST

Stock index futures edged lower on Tuesday after Japan's sovereign rating was cut by Fitch as a political stalemate dimmed chances the country could curb its snowballing debt.

FTSE extends rally as miners get China fillip

Tue, 22 May 2012 13:16:02 SAST

Gains by mining stocks helped Britain's top share index to extend its rally into a second session on Tuesday when the demand picture for metals was brightened by hopes of fresh moves by China to boost its economy.

Stock futures signal higher Wall Street open

Tue, 22 May 2012 10:48:02 SAST

Stock index futures pointed to a slightly higher Wall Street open on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.1 to 0.2 percent.

Miners help Britain's FTSE extend its recovery

Tue, 22 May 2012 10:32:02 SAST

Britain's benchmark share index extended its tentative recovery on Tuesday, as mining stocks rose on a rise in the price of copper and on hopes of new moves in China to boost its economy.

Britain's FTSE extends recovery into second day

Tue, 22 May 2012 09:24:02 SAST

Britain's biggest shares extended a tentative recovery on Tuesday, rising nearly 1 percent on hopes that European leaders may agree new measures to tackle the region's debt crisis and expectations of fresh economic growth measures in China.

Futures signal sharp gains for European shares

Tue, 22 May 2012 08:24:02 SAST

European stock index futures pointed to a sharply higher open on Tuesday as expectations that grew European leaders may agree on some measures to boost investor confidence this week and that China will invest in infrastructure projects to combat slowing growth.

Stocks, oil rise as G8 leaders pledge growth

Mon, 21 May 2012 23:08:01 SAST

Global stocks on Monday rebounded from lows for the year and oil prices rose for the first time in four sessions as world leaders emphasized support for growth in the euro zone, and China said priority should be given to maintaining its economic expansion.

Wall Street rebounds, but investors dump Facebook

Mon, 21 May 2012 22:32:01 SAST

Stocks rose more than 1 percent on Monday, with the S&P 500 snapping a six-day losing streak in a rebound from equities' biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut.

Wall Street ends up, snaps six-day losing streak

Mon, 21 May 2012 22:16:02 SAST

Stocks rose on Monday to snap a six-day losing streak on the S&P 500, rebounding from equities' biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut.

S&P 500 set to snap six-day losing streak

Mon, 21 May 2012 21:40:02 SAST

Stocks rose on Monday with the S&P 500 on course to snap a six-day losing streak and all three major indexes up over 1 percent as investors picked up bargains following the biggest weekly decline for equities in almost six months.

Exclusive: U.S. lets China bypass Wall Street for Treasury orders

Mon, 21 May 2012 21:40:02 SAST

China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters.

Stocks rise from year's lows, euro flat

Mon, 21 May 2012 21:16:02 SAST

Global stocks rebounded from lows for the year and the euro steadied on Monday as world leaders emphasized support for growth in the euro zone and China said priority should be given to maintaining its economic expansion.

JPMorgan stops stock buybacks, maintains dividend

Mon, 21 May 2012 21:00:04 SAST

JPMorgan Chase & Co CEO Jamie Dimon took another step that showed humility and caution in the wake of a stunning $2 billion loss, or more, on derivatives by announcing on Monday that the company will quit spending capital on stock buybacks.

Stocks, euro rebound from year's lows

Mon, 21 May 2012 20:48:02 SAST

Global stocks rebounded and the euro steadied from its lows for the year on Monday as world leaders emphasized their support for economic growth in the euro zone and China said it is open to embark on more steps to stimulate business.

Wall Street bounces but investors dump Facebook

Mon, 21 May 2012 19:56:02 SAST

Stocks rebounded on Monday after their worst weekly decline of the year with signs that investors were quickly unloading Facebook shares following its broken IPO and redeploying capital elsewhere in the technology sector.

Banks, commods help FTSE 100 snap 5-day losing streak

Mon, 21 May 2012 17:56:03 SAST

Britain's top share index halted a week-long slide on Monday, as investors stumped up the courage to buy in on the dips of badly beaten equities, although the murky outlook for global growth kept gains to a minimum.

Nasdaq, S&P 500 gain 1 percent

Mon, 21 May 2012 16:56:02 SAST

Stocks rose on Monday, with the Nasdaq and the S&P 500 up 1 percent as markets recovered from their worst weekly decline for the year after world leaders expressed support for Greece to stay in the euro zone.