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Good morning today could bring the catalyst the stock market needs to get out of the gutter FaceBook starts trading later this morning on the NASDAQ heavily subscribed IPO.
This social giant valued at 104 billion dollars.
And after raising more than eighteen billion last night it becomes the largest technology -- killed all time the second biggest in US.
And the fifth biggest IPO in the world the stock price last night at the high end of forecast at thirty dollars a share.
While the stock has really only been available for institutional investors thus -- today is the chance for regular investors to -- in or not.
Many people will automatically on FaceBook shares at the end of the year and not even know it.
In a few months FaceBook will be eligible for inclusion in widely -- indices like the S&P 500.
On Wall Street yesterday the Dow fell -- -- 156 points indexes now down in eleven of the past twelve sessions making for the longest losing streak in a decade.
The NASDAQ fell more than 2% and the S&P 500 lost one and a half percent.
Investors finally flock to the safety of gold -- the yellow metal up two and a half percent.
And the yield on the ten year note dropping to an all time low.
And Hewlett-Packard reportedly cutting up to 35000 -- -- cuts are expected to be announced next week when tech giant reports.
Its latest earnings HP has been struggling in the new fields like cloud computing Smartphones and tablets.
That's business for more -- -- foxbusiness.com.
In New York online -- -- --
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