US Stock Market News

Shares in social networking giant Facebook fell sharply at the end of the first lock-up period this week. In New York on Wednesday shares dropped in value from $20.74 to $19.87, a fall of 6.27 per cent. The end of the lock-up period meant that more than 270 million shares could be sold on Thursday. Lock-ups are put in place to prevent...

Groupon, the US voucher provider, has seen the value of its stock drop despite declaring a profit in the last quarter along with increased revenue. However, analysts in New York had expected the company to do much better causing shares to drop by more than a quarter. Groupon said on Monday that net income had risen to $28.4 million in the...

Stocks are down across Asia as Japan reports a slowdown in growth and China announces exports have not grown as expected. For the quarter ending in June this year the Japanese economy grew by a disappointing 1.4 per cent because of a strong yen and the continuing economic crisis in Europe. Japan’s growth was down from the previous...

When shares in Manchester United go on sale today on the New York Stock exchange they will be priced at $14 each. When the football club first announced the stock sale it had hoped to be able to attract between $16 and $20 per share. The lowering of the price suggests that the club was unable to find any buyers and the lowering of the...

A sharp swing in stock prices has caused the New York Stock Exchange to investigate a spate of irregular trading. Stocks in 140 companies were being traded at higher than normal volumes including American Airlines and Citigroup. However, trades have only been cancelled in six stocks. The abnormal trading has brought back memories of the...

Facebook shares dropped to an all time low last week after the social networking site published its first ever quarterly results since becoming a public company. The company said that for the quarter ending in June it had lost $157 million. When it first listed on the Nasdaq back in May the price per share was $38. Last week saw that price...

Shareholder payments have resulted in Facebook declaring a $157 million loss. The results are the first to be released by the social networking giant since it listed on the stock market in May. Expenses and costs for the three month to June rose to $1.93 billion, an increase of 295 per cent on a year earlier. If staff share schemes had...

JPMorgan Chase has extended its estimated recent trading losses to $5.8 billion. However, the company’s shares rose on news that last quarter profits hit a better than expected $4.96 billion. Friday’s trading in New York saw the firm’s share price rise by 5.8 per cent. Originally JPMorgan said that its losses were estimated to be $2...

Alcoa, the American aluminium producer, has posted a second-quarter loss of $2 million. The announcement comes as the price of aluminium drops to its lowest level in two years. The price of the metal is currently 18 per cent lower than it was last year which has caused Alcoa to see a loss compared to a $322 million profit in the same quarter...

According to a recent survey, advisers have expressed more optimism about stock markets in the US than in Canada , while showing and more concerned over a major downturn in the Chinese market than in the eurozone. The insurer and wealth management firm, which is based in Toronto, found that 78% of nearly 500 advisers surveyed expressed...