Midday Nasdaq Shaky Over Fiscal Cliff, but Facebook Pops

By Jonah Loeb  NOV 26, 2012 3:05 PM

Also, Microsoft is having optimism problems.

 


MINYANVILLE ORIGINAL The Nasdaq Composite Index (INDEXNASDAQ:.IXIC) stayed mostly flat today, trimming its earlier losses and ticking up just 0.07% to 2,969.11 as of 2:45 p.m. EST as investors remained worried ahead of the fiscal cliff.
 
Facebook (NASDAQ:FB) rose on huge volume, jumping 8.18% to $25.97 as it was upgraded to an outperform by several top analysts. Research In Motion (NASDAQ:RIMM) also had a good day, rising 1.63% to $11.86 as its outlook improved ahead of the holiday season.
 
Microsoft (NASDAQ:MSFT) fell 1.61% to $27.26 as Black Friday tablet numbers were not kind to the Surface RT tablet and its competitors began to team up. Netflix (NASDAQ:NFLX) also had a shaky day, trimming earlier losses to a drop of 0.46% to $82.57 after briefly falling as low as $80 per share.
 
Additionally, Goldman Sachs added Yahoo (NASDAQ:YHOO) to its conviction buy list, causing the search company to jump 0.97% to $18.75.
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