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Nasdaq Does Well Despite Facebook’s Decline
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FBN’s Nicole Petallides on the good day for the Nasdaq despite the decline for Facebook shares.
- Duration 1:17
- Date May 21, 2012
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FBN’s Nicole Petallides on the good day for the Nasdaq despite the decline for Facebook shares.
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Percentage wise let's go to -- called Middle East on the floor of the NYSE woman called.
Why wasn't FaceBook more of a factor in this market today and pulling it down.
But while it's just sit in the market as a completely oversold -- we've talked about the fact that the Dow sold off twelve of thirteen actions.
Haven't seen that since 1974.
Are still -- -- was opportunity to have a little bit of a boost the dollar also played a big factor in Euro moved higher backing -- opportunity.
Got some buying and of course just.
Continues to be the fiasco the bop O whatever you want to call it cut shareholders a lot at thirty or retailer of sporting thing every.
-- by the way we shouldn't forget the other winners on NASDAQ we had Sears -- apple rim.
All of these stocks doing very well 65%.
Gain.
Now look at apple I mean and then check -- the best at the Eric apple getting an ice pop up more than 29 -- -- lot about the I thought.
And financials still a lot of people thought that since Morgan Stanley yeah apparently messed up on -- -- being underwriter here and some other.
Bad news about JPMorgan financials would take it on the chin it was a mixed picture for financing.
Only downside and JPMorgan cut back on that -- can help them out.
-- nickel metal ladies who we will be going back to enjoy.