You're watching...

Facebook Makes Modest Wall Street Debut

Details

Description
FBN’s Robert Gray on the social networking company’s first day of trading.
Duration 0:53
Date May 18, 2012

This transcript is automatically generated

I'm Robert -- with -- Fox Business rethought bearish -- -- -- down week on Wall Street the Dow Industrials and S&P 500.

Both down on the day about suffering their worst week since November the NASDAQ posted its worst week since September.

FaceBook did not make the expected splash and it's highly anticipated Wall Street debut.

Shares of a social networking site closed just above the initial public offering price of 38 bucks a share.

The securities exchange commission says it's looking into the glitch at NASDAQ which -- the first trade in FaceBook shares.

An American Eagle Outfitters -- its chief financial officer is stepping down Joseph Nelson will remain with the company through the end of July.

The company also says -- shutting down 77 kids line which lost forty million bucks last year.

That is the latest from the Fox Business Network giving you the power to prosper.