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Wall Street Week Ahead: Market is oversold, but major signs say "sell"

Published: Sunday, May 20, 2012 10:29 AM

NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions.

Wall Street Week Ahead: Market is oversold, but major signs say "sell"

Published: Sunday, May 20, 2012 10:29 AM

NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. With the corporate earnings season drawing to an end and recent U.S. economic data raising doubts about the pace of growth, the S&P 500, which is down 7.3 percent so far in May, could decline further this week as concerns about the financial health of Europe persist. ...

Facebook stock limps into Monday

Published: Sunday, May 20, 2012 10:25 AM

Facebook resumes trading on Wall Street on Monday with shares being closely watched to see how well they stand on their own after stumbling out of the gate in a historic but lackluster debut.

Small investors should not directly trade in equities: SEBI

Published: Saturday, May 19, 2012 09:09 AM

New Delhi, May 19 (IANS) Small investors should not start trading directly in stock market as they don't have adequate resources to take informed decision, chairman of the Securities and Exchange Board of India (SEBI) U.K. Sinha said Saturday.

Obama pledges tough enforcement of Wall Street reforms

Published: Saturday, May 19, 2012 09:00 AM

President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. "We've got to finish the job of implementing this reform and putting these rules in place," Obama said in a weekly radio address that accused some on Wall Street of causing the 2007-2009 economic crisis because they "treated our financial system like a casino. ...

Obama: More teeth needed for Wall Street reforms

Published: Saturday, May 19, 2012 08:23 AM

President Barack Obama says the big trading loss at JPMorgan Chase shows the need for Congress to put more teeth into Wall Street reforms intended to prevent the practices that led to the 2008 financial meltdown.

Obama pledges tough enforcement of Wall Street reforms

Published: Saturday, May 19, 2012 07:17 AM

WASHINGTON (Reuters) - President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. "We've got to finish the job of implementing this reform and putting these rules in place," Obama said in a weekly radio address that accused some on Wall Street of causing the 2007-2009 economic crisis because they "treated our financial system like a casino. ...

Obama pledges tough enforcement of Wall Street reforms

Published: Saturday, May 19, 2012 06:01 AM

WASHINGTON (Reuters) - President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation.

Messy Facebook debut marks weak day on Wall Street

Published: Saturday, May 19, 2012 05:04 AM

U.S. stocks fell on Friday after a sloppy debut by Facebook Inc spoiled hopes that a spectacular open for the most-anticipated stock sale in years would brighten the mood in what has been a gloomy month for equity markets. Shares of Facebook, the social networking giant, were volatile in the busiest day ever for a trading debut. After early gains of more than 10 percent, Facebook shares fell back to the $38 issue price, ending up just 0.6 percent at $38.23. It was the Nasdaq's most actively traded stock, with more than 566 million shares traded. ...

Nasdaq glitches in Facebook IPO to be reviewed by SEC

Published: Saturday, May 19, 2012 12:59 AM

Washington, May 19 (ANI): The United States Securities and Exchange Commission (SEC) will look into the glitches in Nasdaq's handling of Facebook's Initial Public Offering (IPO), according to a report.

Facebook stock finishes flat in debut

Published: Saturday, May 19, 2012 12:05 AM

In the hours before Facebook's stock began trading on the Nasdaq Stock Market for the first time, CEO Mark Zuckerberg reminded the company's 3,500 employees not to get caught up in the hoopla surrounding its long-awaited initial public offering.

Highlights from Facebook's debut

Published: Friday, May 18, 2012 08:07 PM

Facebook's debut on the stock market was preceded by epic hype, delayed by a technical glitch and tracked minute-by-minute by investors around the world. In the end, the fuss was over a gain of 23 cents.

Wall St Week Ahead: The market is oversold, but major signs say "sell"

Published: Friday, May 18, 2012 06:53 PM

NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. With the corporate earnings season drawing to an end and recent U.S. economic data raising doubts about the pace of growth, the S&P 500, which is down 7.3 percent so far in May, could decline further next week as concerns about the financial health of Europe persist. ...

Wall St Week Ahead: The market is oversold, but major signs say "sell"

Published: Friday, May 18, 2012 06:35 PM

NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. With the corporate earnings season drawing to an end and recent U.S. economic data raising doubts about the pace of growth, the S&P 500, which is down 7.3 percent so far in May, could decline further next week as concerns about the financial health of Europe persist. ...

Crude down, hits biggest 3-wk loss since Aug '11

Published: Friday, May 18, 2012 06:15 PM

NEW YORK (Reuters) - Crude oil futures fell more than 1 percent on Friday, down for the sixth straight session, as worsening problems in Greece and Spain raised worries of contagion in the euro zone. Oil futures fell on the drumbeat from global stock markets, which erased the year's gains as investors pared holdings for safe-haven assets such as gold, on growing concerns about the euro zone debt crisis. On Wall Street, equities dipped after a messy opening-day trade for social networking darling Facebook failed to lift the spirits of investors. U.S. ...

Nasdaq glitch confuses investors of Facebook IPO

Published: Friday, May 18, 2012 06:06 PM

Some investors who thought they had bought Facebook shares at the opening of trading were left without knowing for hours whether they had received the shares.

Facebook investors left guessing after Nasdaq glitch

Published: Friday, May 18, 2012 06:03 PM

(Reuters) - Individual investors were left in the dark for hours on Friday about whether their buy and sell orders for newly issued Facebook shares had actually been executed, in the latest of a series high-profile exchange glitches in recent years. Massive demand for the social networking giant's initial public offering, which set a trading volume record for U.S. market debuts, led to a 45-minute delay in the start of trading in the stock. But it was what happened after trading started that had some on Wall Street fuming. ...

Business Highlights

Published: Friday, May 18, 2012 05:58 PM

___Facebook falls flat in public debutAfter all the hype, Facebook's first day as a public company ended where it began.In its much-anticipated debut on the Nasdaq Stock Market, Facebook's stock closed ...

Tale of the tape: Google versus Facebook

Published: Friday, May 18, 2012 05:29 PM

Facebook is the hottest Internet company to hit the stock market since Google went public in 2004. The Silicon Valley companies, located seven miles apart, also happen to be locked in a bitter battle for Web surfers' allegiance and online advertisers' money. The duel is likely to intensify now that the IPO has given Facebook Inc.'s social network billions of dollars to battle Google Inc.'s dominant search engine.

Messy Facebook debut marks weak day on Wall Street

Published: Friday, May 18, 2012 05:21 PM

NEW YORK (Reuters) - Stocks fell on Friday after a sloppy debut by Facebook Inc spoiled hopes that a spectacular open for the most-anticipated stock sale in years would brighten the mood in what has been a gloomy month for equity markets. Shares of Facebook, the social networking giant, were volatile in the busiest day ever for a trading debut. After early gains of more than 10 percent, Facebook shares fell back to the $38 issue price, ending up just 0.6 percent at $38.23. It was the Nasdaq's most actively traded stock, with more than 566 million shares traded. ...

Stocks fall on Europe worries; Facebook debuts

Published: Friday, May 18, 2012 05:13 PM

It's going to take more than Facebook's initial public offering to push the stock market higher.

Messy Facebook debut marks weak day on Wall Street

Published: Friday, May 18, 2012 05:04 PM

NEW YORK (Reuters) - U.S. stocks fell on Friday after a sloppy debut by Facebook Inc spoiled hopes that a spectacular open for the most-anticipated stock sale in years would brighten the mood in what has been a gloomy month for equity markets. Shares of Facebook, the social networking giant, were volatile in the busiest day ever for a trading debut. After early gains of more than 10 percent, Facebook shares fell back to the $38 issue price, ending up just 0.6 percent at $38.23. It was the Nasdaq's most actively traded stock, with more than 566 million shares traded. ...

Nasdaq to resolve early Facebook orders through matching process

Published: Friday, May 18, 2012 04:59 PM

(Reuters) - Nasdaq OMX said it intends to reach a resolution for Facebook Inc orders entered from 11 a.m. to 11:30 p.m. ET through an "offline matching process." Firms that had questions regarding executions would have to submit requests to Nasdaq by 5 p.m. (Reporting By David Gaffen)

Stocks fall on Europe worries; Facebook debuts

Published: Friday, May 18, 2012 03:49 PM

It's going to take more than Facebook's initial public offering to push the stock market higher.

Facebook investors left guessing after Nasdaq glitch

Published: Friday, May 18, 2012 03:14 PM

(Reuters) - Individual investors were left guessing for more than two hours on Friday about whether their buy and sell orders for newly issued Facebook shares had been actually executed. The Nasdaq Stock Market, where Facebook is listed, had problems sending electronic messages back to the brokerages that handle orders from individual, or "retail," investors, according to people with direct knowledge of the situation. Because the electronic acknowledgements didn't come back from the exchange, the brokers were unable to tell their clients that trades had been executed. ...