New York, May 19 (IANS) US stocks traded mixed Friday amid euro concerns, with all eyes on Facebook Initial Public Offering (IPO).
Investors speculated that the Spanish government will boost short-sell ban, reports Xinhua. The country's bond yield rose sharply recently, suggesting a global concerns over the region.
Facebook, the world's largest online social network started trading at the Nasdaq Stock Market Friday at the price of $42.05 a share, up 10.6 percent from its IPO price of $38.
The company's market value will hit $104 billion, making the company the biggest-ever valuation by a US company at the time of its IPO.
The Dow Jones industrial average lost 8.17 points, or 0.07 percent, at 12,434.32. The Standard & Poor's 500 was up 0.74 points, or 0.06 percent, to 1,305.66. The Nasdaq Composite Index lost 2.50 points, or 0.09 percent, to 2,810.93.
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