Stocks Fall to End Strong Third Quarter, Facebook Rises 6.5% (FB)

Stocks fell on Friday after disappointing economic data showing weak U.S. regional manufacturing. However this decline was not enough to prevent Wall Street from having a strong Q3. The Dow was up 4.7%, the NASDAQ 6.4%, and the S&P500 up 5.8% for the quarter. Shares of Facebook (FB) rose on news that the company had developed a new revenue source: a gift-giving service. Blackberry maker Research in Motion (RIMM) had a second straight day of excellent gains as it beat expectations on revenue.
Shares of Apple (AAPL) dropped 2%, finishing the week off 3.21%.

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Published on Sep 28, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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