"We lived on farms, then we lived in cities, and now we're going to live on the internet!"--“Sean Parker” in The Social Network. Tonight we know which exchange Facebook will live.
Market Nuggets (via Robert Hum)
Dow, S&P down for 3rd straight day
Major averages post worst week of 2012: Dow down 1.2%, S&P down 0.7%, Nasdaq down 0.4% this week
As the only S&P 500 sector that was up this week, techs led the markets and rose for the 14th consecutive week
Avon is the top performing stock in the S&P 500 this week, up 20.97%. This will be the best weekly gain for the company since May 1989, when Avon shares rose 25.2% for the week.
What People Are Talking About Tonight
FACEBOOK LIKING NASDAQ REPRESENTS BIG BLOW FOR NYSE /WSJ - Steven Russolillo: "In the never-ending battle for stock-listing supremacy, Facebook’s chose of Nasdaq represents a huge loss for the Big Board operator. NYSE has spent the last few years beefing up its technology offerings, with the goal of swiping market share from arch rival and tech-heavy Nasdaq. And amid the latest crop of high-profile technology offerings, the strategy has yielded some success."Page 1 of 7 | Next Page