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Sunday, May 20, 2012

US shares skid as Facebook IPO stumbles

NEW YORK(AFP) - United States stocks slumped on Friday as Facebook's keenly awaited market debut disappointed, adding to bearish sentiment about Europe's financial woes.
The Dow Jones Industrial Average dropped 73.11 points, or 0.59 per cent, to finish the day at 12,369.38.
The S&P 500-stock index shed 9.64 (0.74 per cent) to 1,295.22.
The tech-rich Nasdaq, where Facebook's shares began trading under the FB ticker, tumbled 34.90 (1.24 per cent) to 2,778.79.

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