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Equities Sector Coverage: Facebook's IPO Much Ado About Nothing?

Sector Recap | Equities.com |

The Facebook (FB) IPO, priced at $38 per share with a record market cap at $104 billion The IPO raised $18.4 billion for Facebook. The opening process began at 11:00 AM on the NASDAQ, with a


Equities Sector Coverage: Stocks Break Lower on Increased Fear and Disappointment

Sector Recap | Equities.com |

Initial Jobless Claims came in at 370,000 still above the 350,000 recessionary threshold. The Philly Fed Index came in well below estimates at -5.8 in May when a +7.0 reading was expected. Leading


Equities Sector Coverage: Wall Street Continues to Slump

Sector Recap | Equities.com |

Housing starts for April rose by 2.6% to an annual rate of 717,000, which topped estimates for a 680,000-unit rate. Permits to build new homes fell 7% to a 715,000-unit rate, which was short of


Equities Sector Coverage: Stocks Continue to Break Lower

Sector Recap | Equities.com |

CPI was flat in April, up 0.2% excluding food and energy. Retail Sales rose just 0.1% in April with and without autos. After a Dip in April, the NAHB Home Builder Index jumped 5 points to 29 in


Equities Sector Coverage: Stocks Resume Downward Trend

Sector Recap | Equities.com |

The Dow Jones Industrial Average traded down to 12,661.48 Monday morning then rebounded above 12,760 in the afternoon before fading in the final hour of trading. The NASDAQ traded down to 2898.90


Equities Sector Coverage: Stocks Let Early Gains Slip to Close in the Red

Sector Recap | Equities.com |

The Producer Price Index fell 0.2% in April, up 0.2% excluding food and energy. The preliminary reading for the University of Michigan consumer sentiment came in at 77.8 in May, slightly above


Equities Sector Coverage: Stocks Fade Late, But Still Edge Higher

Sector Recap | Equities.com |

Initial Jobless Claims came in at 367,000 still above the 350,000 recessionary threshold. Import Prices fell 0.5% and our Trade Deficit rose to $51.8 billion. The Dow Jones Industrial Average


Equities Sector Coverage: Wall Street Extends Losing Streak

Sector Recap | Equities.com |

The Dow Jones Industrial Average traded down to 12,748.48 in morning trading then rebounded above 12,900 in the afternoon then faded into the final half hour of trading. The NASDAQ traded down to


Equities Sector Coverage: Stocks Pare Losses But Dow Still Closes in Red

Sector Recap | Equities.com |

Consumer credit expanded by $21.36 billion in March, more than twice of the amount that was expected and at the fastest rate since late 2001. The Dow Jones Industrial Average traded down to


Equities Sector Coverage: Stocks Close Out Worst Week of Year

Sector Recap | Equities.com |

Nonfarm Payrolls increased by a less than expected 115,000 in April, but with upward revisions for February and March the net was a gain close to the 175,000 consensus. The labor force shrunk by



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