NYSE: ShortFormBlog

17:38 • 6 months ago

breakingnews:

New York Stock Exchange to close trading floor, trade electronically for storm

Bloomberg News:

The New York Stock Exchange said it will shut its trading floor starting tomorrow and invoke contingency plans to move all trading to NYSE Arca, its electronic exchange, as Hurricane Sandy heads toward the city.

Photo credit: Scott Eells / Bloomberg

Translation: Our financial system will continue moving without a physical presence.

17:20 • 1 year ago

Tags: facebook facebook ipo facebook ipo flop hoodies investing Mark Zuckerberg mark zuckerberg hoodie nasdaq NYSE stock eschange stock market stocks Tech the social network zuck zuckerberg 21 • Permalink

I felt that had Mr. Zuckerberg worn a jacket instead of a hoodie (showing [investors] that he respected them enough to “dress up”), he would have made a statement to them that he cares about their needs, and will act in their best interest. He chose not to make that statement, and the current share price demonstrates that investors have chosen not to support Facebook shares.

Wedbush securities analyst Michael Pachter • Blaming Facebook’s IPO flop on Mark Zuckerberg’s choice of jacket. Well, okay, he didn’t really blame it all on Zuck’s clothes: “The flop is 100% a function of a supply/demand imbalance,” Pachter wrote. “The company and its underwriters misjudged demand, and simply issued too many shares. There is no question that had this deal been 1/3 the size, the market would have absorbed it and the deal price would have held.” source (via • follow)

14:49 • 1 year ago

Dow Jones Industrial Average reaches symbolic milestone

Tags: do 13000 dow dow jones dow jones 13000 dow jones industrial average new york stock exchange NYSE stock market 15 • Permalink

13,000 points, the highest mark since 2008 source

» On May 20th, to be precise: The most successful private sectors early in 2012 have been finance and information technology, up nearly 13% when trading began today. The 13,000 figure is considered something of a benchmark for the Dow’s health, and while analysts are right to warn that the significance may be predominantly symbolic, the nature of investor confidence is such that a positive psychological message can itself be a big boon. The Dow crossed this threshold at a time when most attention was focused on Greece, which secured a second bailout from the Euro Zone as their fiscal crisis continued.

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