General Motors and Dow Chemical reported profits that exceeded expectations, but that was not enough to give the broad stock market a major push into positive territory. Facebook topped the Nasdaq’s list of most actively traded stocks a day after the online social network company reported a big jump in mobile advertising revenue. In afternoon trading, the stock was up 27.3 percent at $33.74. The stock slid 2 percent to $81.81 and ranked as the Dow’s second-biggest percentage decliner.įacebook Inc scored its biggest daily percentage gain ever - up as much as 28.3 percent at a session high of $34. Concerns about China’s growth also took a toll on investor sentiment.Ĭaterpillar Inc extended its steep drop in Wednesday’s session, which came after the heavy machinery maker cut its 2013 earnings forecast. The Dow and the S&P 500 were held back by disappointing earnings in the cyclical sector. stocks edged higher on Thursday, rebounding off earlier weakness as strength in technology companies, especially Facebook, lifted the Nasdaq.
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