Greek Moves Close to EU Exit, Facebook Makes Gains (FB, AAPL)
Markets record minor losses on the day as Facebook (FB)continues to make headlines. The less than stellar IPO has resulted in the share price trending downward since Friday, except of course for today, when it racked up minor gains. In other tech news, Apple (AAPL) says they're working on their "most important" product yet - whether this is true or a PR move for the post-Steve Jobs era remains to be seen. International woes helped depress markets today, another consistent trend, as Greece inches closer to exiting the European Union.
Word on the Street
- Tech stocks, Greece woes weigh stocks down.
- Facebook (FB) manages to pause it's freefall with modest gains.
- China looks to launch aggressive stimulus to spur slowing growth.
- US bank earning hit a five year high this winter, and the number of "troubled banks" fell, as well.
- Analyst sees Hewlett-Packard (HPQ) in a "dogfight" for employee talent.
- Greece gets closer to bolting from the European Union, time running out.
- Apple (AAPL) says they're working on their "most important" product yet.
- Seagate Technology (STX) acquires LaCie for $186 million.
Published on May 24, 2012By InvestorGuide Staff