Bullish Blog

The CEO of the Nasdaq stock exchange says it is “humbly embarrassed” by its bungling of Facebook’s hugely anticipated debut as a public company on Friday.

NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions.

NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. With the corporate earnings season drawing to an end and recent U.S. economic data raising doubts about the pace of growth, the S&P 500, which is down 7.3 percent so far in May, could decline further this week as concerns about the financial health of Europe persist. …

Facebook resumes trading on Wall Street on Monday with shares being closely watched to see how well they stand on their own after stumbling out of the gate in a historic but lackluster debut.

New Delhi, May 19 (IANS) Small investors should not start trading directly in stock market as they don’t have adequate resources to take informed decision, chairman of the Securities and Exchange Board of India (SEBI) U.K. Sinha said Saturday.

President Barack Obama says the big trading loss at JPMorgan Chase shows the need for Congress to put more teeth into Wall Street reforms intended to prevent the practices that led to the 2008 financial meltdown.

WASHINGTON (Reuters) - President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. “We’ve got to finish the job of implementing this reform and putting these rules in place,” Obama said in a weekly radio address that accused some on Wall Street of causing the 2007-2009 economic crisis because they “treated our financial system like a casino. …

WASHINGTON (Reuters) - President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. “We’ve got to finish the job of implementing this reform and putting these rules in place,” Obama said in a weekly radio address that accused some on Wall Street of causing the 2007-2009 economic crisis because they “treated our financial system like a casino. …

WASHINGTON (Reuters) - President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation.

U.S. stocks fell on Friday after a sloppy debut by Facebook Inc spoiled hopes that a spectacular open for the most-anticipated stock sale in years would brighten the mood in what has been a gloomy month for equity markets. Shares of Facebook, the social networking giant, were volatile in the busiest day ever for a trading debut. After early gains of more than 10 percent, Facebook shares fell back to the $38 issue price, ending up just 0.6 percent at $38.23. It was the Nasdaq’s most actively traded stock, with more than 566 million shares traded. …