Midday Nasdaq Down, But Facebook Jumps

By Jonah Loeb  SEP 28, 2012 3:05 PM

Also, things aren't as bad as we thought for Research In Motion.

 


MINYANVILLE ORIGINAL The Nasdaq Composite Index (INDEXNASDAQ:.IXIC) fell 0.49% to 3,121.05 as of 2:45 p.m. EDT today as investors’ earlier fears were somewhat assuaged by a report that Spain’s national banks are mostly solvent, which contradicted earlier reports.
 
Facebook (NASDAQ:FB) enjoyed a good day, rising 7.43% to $21.82 as it rolled out a provisional plan to increase revenue through Facebook Gifts ahead of the holiday season. Apple (NASDAQ:AAPL) fell 1.71% to $669.58 after CEO Tim Cook issued an apology to Apple customers about the deeply flawed Maps app in iOS 6. Pharmaceutical company Allscripts Healthcare Solutions (NASDAQ:MDRX) jumped 15.72% on reports that it might soon be up for sale.
 
Shares of BlackBerry maker Research In Motion (NASDAQ:RIMM) popped after the company posted much lower-than-expected losses; the company’s stock rose 7.82% to $7.70 on 117,719,598 shares traded. Clearwire Corporation (NASDAQ:CLWR), on the other hand, dropped 6.08% to just $1.39 per share after Time Warner began selling its 46.4 million shares of Clearwire stock.
No positions in stocks mentioned.