U.S. stocks close sharply lower, capping a third straight week of losses for two major stock indexes, as concerns over debt-stretched European governments fuel volatility on Wall Street.
LinkedIn’s blockbuster IPO made the social networking site’s stock one of the hottest debuts in the post-dot-com era. But analysts say a first-day pop isn’t always good in the long run.
Regular readers of this column know that John Shinal typically doesn’t tout any tech stocks, but this time he’s breaking his own rule to offer some straightforward investment advice.
The successful debut opens the door to other smaller companies that could use an influx of cash to grow and expand, writes John C. Dvorak. But now every deal will be judged on how fast it skyrockets.
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