NEW YORK (CNNMoney) -- The market sell-off continued on Friday, bringing the S&P 500 (SPY) down almost 8% for the week -- reminiscing of the wild days during the fall of 2008.
Meanwhile, Priceline (PCLN) reported record earnings and raised its guidance for the year substantially above the analysts' expectations. Shares of the online travel agency are among the very few that are still up for the day, amid a sea of red.
In other news, LinkedIn (LNKD) released the first earnings report as a publicly traded company. The biggest social network for professionals announced a 120% increase in revenues, but its shares tumbled -- impacted by the negative sentiment in the equity market.
These are some of the popular topics discussed on StockTwits Friday:
tradefast: In first hour of trading, $SPY volume has exceed daily average over past year
The_Real_Fly: If you are in cash, I understand. If you are short NOW, you are asking for a gasoline and match party. $$
jfahmy: The current market volatility can just shred traders to pieces. Best to stay out & wait patiently for a sustainable uptrend $$
jmullin9: $PCLN had great earnings, but whos gonna buy today?
marissa: $LNKD 120MM members, Q2 revs $121 MM, 23.9MM premium subs $$ http://pulse.me/s/10IrZ
gebauer: LinkedIn $LNKD revenue is up. Not surprising to me considering their 'jobs' focus. Wonder if people still think it was overvalued @ IPO?
Index | Last | Change | % Change |
---|---|---|---|
Dow | 32,627.97 | -234.33 | -0.71% |
Nasdaq | 13,215.24 | 99.07 | 0.76% |
S&P 500 | 3,913.10 | -2.36 | -0.06% |
Treasuries | 1.73 | 0.00 | 0.12% |
Company | Price | Change | % Change |
---|---|---|---|
Ford Motor Co | 8.29 | 0.05 | 0.61% |
Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
General Electric Co | 13.00 | -0.16 | -1.22% |
Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
Overnight Avg Rate | Latest | Change | Last Week |
---|---|---|---|
30 yr fixed | 3.80% | 3.88% | |
15 yr fixed | 3.20% | 3.23% | |
5/1 ARM | 3.84% | 3.88% | |
30 yr refi | 3.82% | 3.93% | |
15 yr refi | 3.20% | 3.23% |
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