Candy Crushes IPO Disappoints; Nissan Recalls 1M Vehicles

U.S. stocks close lower today, with Facebook dragging down Nasdaq after it fell 7% on the day. Despite being a heavily awaited stock, King Digital Entertainment (KING) fell 11% in its first day of trading. The maker of the popular Candy Crush app debuted its IPO at $22.50 per share. The automobile recalls continue as Nissan announced that they will be recalling 1 million vehicles for possible air bag failure. This is the second passenger-air bag recall for around 82,000 of the recalled vehicles. Durable goods orders jumped up 2.2% in February mainly due to a strong demand for commercial airplanes.
It is estimated that insurance companies paid out a whopping $45 billion in 2013. This $45 billion is for both man-made and natural disasters including massive flooding along with harsh winter storms.

Word on the Street

Interesting Tidbits

Published on Mar 26, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

Posted in ...