facebook
twitter
rss
account
search
search
 

Facebook lags while markets close higher

May 21, 2012 at 6:29 PM   |   Comments

| License Photo
NEW YORK, May 21 (UPI) -- U.S. stock indexes rose Monday despite disappointing numbers posted by high-tech hopeful Facebook.

After its initial public offering Friday, Facebook shares backpedaled Monday, closing at $34.03, down $4.20.

The tech-heavy Nasdaq composite index, which won bragging rights by signing on the social network business, added 68.42 points, 2.46 percent, to 2,847.21. The blue chip Dow Jones industrial average added 135.10 points or 1.09 percent to 12,504.48. The Standard and Poor's 500 added 20.77 points, 1.6 percent, to 1,315.99.

On the New York Stock Exchange, 2,604 stocks advanced and 440 declined on a volume of 3.5 billion shares traded.

The benchmark 10-year treasury note was unchanged, yielding 1.745 percent.

The euro rose to $1.2812 from Friday's $1.278. Against the yen, the dollar rose to 79.28 yen from Friday's 79.01 yen.

In Tokyo, the Nikkei 225 index added0.26 percent, 22.58, to 8,633.89.

In London, the FTSE 100 index added 0.7 percent, 36.86, to 5,304.48.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Tesla could face sales ban in Michigan Tesla could face sales ban in Michigan
2
Early completion of refit of Italian aircraft carrier Early completion of refit of Italian aircraft carrier
3
British Reaper UAVs join the fight against Islamic State British Reaper UAVs join the fight against Islamic State
4
Europe must drop the euro, Germany abandon mercantilism Europe must drop the euro, Germany abandon mercantilism
5
Russia doesn't fear Azeri gas, scholar says Russia doesn't fear Azeri gas, scholar says
Trending News
Around the Web
x
Feedback