Facebook stock jumped from $38 to as high as $45 in the opening … But small investors, mistrustful of the market, are still pulling money out of stocks.
JPMorgan Chase, the biggest US bank, has revealed a surprise trading loss of at least $2bn (£1.2bn) on complex investments made by its traders.
Positive economic data spurs a rise in the stock indexes
Stocks rose on Thursday December 22nd putting the Standard & Poor’s 500-stock index on the cusp of finishing out the year higher as another decline in jobless claims pointed to further improvement in the labor market.
Stocks had their best month in almost a decade, rising from their low point of the year in an almost uninterrupted four-week rally. The juice mostly came from Europe, which appeared to finally find a strategy for taming its debt crisis.