Nasdaq Sees its First Positive November in 3 Years While Tech Stocks Tumble (FB, ZNGA)

Wall Street saw little change on Friday but the Nasdaq Composite did report its first positive November in three years. Budget talks continued and House Speaker Boehner made statements that Congress has come to a sort of standstill. The tech industry saw several losses with Zynga (ZNGA) shares dropping after an announcement that its terms with Facebook (FB) have changed. Shares of both Groupon (GRPN) and VeriSign (VRSN) tumbled as well.
Consumer spending was reported to have dropped more than expected for the month of November. The euro zone jobless rate increased to 11.7%, a record high, after reaching 11.6% during the previous month. The US dollar hit its highest against the Japanese yen and oil futures climbed higher on Friday to reach a 3% monthly gain.

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Published on Nov 30, 2012
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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