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Zynga Declines Following Facebook's IPO

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  • Description

    FBN's Nicole Petallides breaks down the market's reaction to Facebook debut on the Nasdaq.

  • Duration 1:10
  • Date

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Stop the hour now time for stocks Nicole that at least at the -- New York Stock Exchange.

Nicole what around the FaceBook euphoria.

I'm Mike -- the traders here on Wall -- of course they were watching the delayed opening and waiting and waiting and waiting some warm and finally open right -- jump up to 45.

Now we see it holding that the IPO price about 38 fox of course you know -- underwriters get -- -- -- -- trying to hold it there it looked parable.

If they over price the stock rights and you see it says sitting at 38 and got a pop IU big picture on -- markets overall.

Let's see you see the Dow Jones Industrial Average now down point 2% -- another quarter percent you're down.

Twelve of thirteen trading days you haven't seen that.

In about ten years let's take a look.

Here at the underwriters are you looking at Morgan Stanley number one also Goldman Sachs and JPMorgan and see how they -- faring -- the banking -- to the downside Morgan Stanley is down.

Over half a percent JPMorgan down almost two full percentage points and we can't -- out what other companies are doing zinc up.

Which is related to face up of their games are on the spot actually had a trading halt and an all time low today and -- you see that 13% to the downside but that's still all.

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