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New York Markets Close in:

need to know
Apple loses key Beats1 radio executive
U.S. July goods trade deficit narrows to $59.1B
China stocks surge amid suspected govt buys
Oil falls, but still eyes weekly gain
European stocks pull back | FTSE 100 seesaws
Amgen gets FDA OK for cholesterol treatment
Student dies after shooting at Savannah State
Icahn discloses stake in Freeport McMoRan
Migrant death toll in truck near Vienna now 70

Co-founder Brin sold this week as Google’s stock fell

Never use a market order when stocks are selling off
Schwab site hit by outages in busy trade stretch

Core inflation eases in July and moves further away from Fed’s target
Core inflation moves away from Fed’s target

John Bogle sees promise in market pullbacks

In this Amazon Prime, not all goods ship for free

Roubini: Better early warning system is needed

Why you should worry and be happy that stocks aren’t a sure bet
Both worry, be happy that stocks aren’t a sure bet

Apple Watch shipments  surprise IDC

Apple to host Sept. 9 product event
Apple closes in on Fitbit in wearables

Democratic leaders frustrated by Clinton’s handling of email issue
More frustration with Clinton on email issue
Poll shows Biden running stronger than Clinton
Trump: I’m OK with raising taxes on myself

Poland looks next to turn against the EU

China wins the Battle of Mountain Pass
China just undermined the U.S. Defense Department

New Orleans 10 years after Hurricane Katrina
Hurricane Katrina: Then and now
Obama in New Orleans to mark 10 years


These are the best jobs for millennials
These are the best jobs for millennials


Instead of flavored vodka, flavored sake?

Craft beer acquisition by Duvel — stay small, stay beautiful
Duvel’s beer deal: stay small, beautiful


How momentum investing could go out of style
Momentum investing could be going out of style

Tesla Model S scores 103 on 100-point scale
Tesla Model S scores 103 on 100-point scale
Elon Musk retweets slow-driving Tesla owner
Colbert should ask Elon Musk, Kalanick this
$400,000 supercar goes up in flames

How to cope when you’re suddenly uninsured

/conga/frontpage.html 353560

Markets »

22.35MDow Volume:
Avg Vol: 111.57M
Unchanged
229
Decliners
2937
Advancers
2972
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,586 -68 0.41%
Nasdaq
/quotes/zigman/12633936/realtime 4,800 -13 0.27%
S&P 500
/quotes/zigman/3870025/realtime 1,983 -4 0.23%
GlobalDow
/quotes/zigman/629063/realtime 2,367 +6 0.26%
Gold
/quotes/zigman/662444/delayed 1,137 +14 1.26%
Oil
/quotes/zigman/2331095/delayed 43.25 +0.69 1.62%
FTSE 100
/quotes/zigman/3173262/delayed 6,202 +10 0.16%
DAX
/quotes/zigman/2380246/delayed 10,234 -81 0.79%
CAC 40
/quotes/zigman/3173214/delayed 4,645 -14 0.29%
FTSE MIB
/quotes/zigman/1482176/delayed 21,912 -290 1.30%
IBEX 35
/quotes/zigman/2759620/delayed 10,266 -24 0.23%
Stoxx 600
/quotes/zigman/2380150/delayed 361 -1 0.36%
Asia Dow
/quotes/zigman/6959860/realtime 2,797 +44 1.60%
Nikkei 225
/quotes/zigman/5986735/delayed 19,136 +562 3.03%
Hang Seng
/quotes/zigman/2622475/delayed 21,612 -226 1.04%
Shanghai
/quotes/zigman/1859015/delayed 3,232 +149 4.82%
Sensex
/quotes/zigman/1652085/delayed 26,392 +161 0.61%
Singapore
/quotes/zigman/1709939/delayed 2,956 +11 0.36%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 0.00 0.11%
Yen
/quotes/zigman/16008150/realtime/sampled 120.96 -0.07 0.05%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 0.00 0.23%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.29%
DXY Index
/quotes/zigman/1652083/delayed 95.88 +0.12 0.12%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.38 +0.11 0.12%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.14 -0.04 1.86%
German 10y
/quotes/zigman/15866409/realtime 0.71 -0.04 4.82%
Italy 10yr
/quotes/zigman/15866497/realtime 1.90 -0.03 1.30%
Spain 10yr
/quotes/zigman/15866444/realtime 2.05 -0.01 0.47%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.81 -0.06 3.15%
Japan 10yr
/quotes/zigman/15866525/realtime 0.38 -0.01 2.48%
Crude Oil
/quotes/zigman/2331095/delayed 43 +1 1.62%
Gold
/quotes/zigman/662444/delayed 1,137 +14 1.26%
Corn
/quotes/zigman/7599553/delayed 378 +3 0.67%
DJIA F
/quotes/zigman/38649152/delayed 16,569 -81 0.49%
S&P F
/quotes/zigman/30356461/delayed 1,980 -9 0.45%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.89%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 91.09 1.36 1.51%
AAPL /quotes/zigman/68270/composite 112.13 -0.79 -0.70%
GOOG /quotes/zigman/30194416/composite 627.75 -9.86 -1.55%
BAC /quotes/zigman/190927/composite 16.34 -0.10 -0.61%
C /quotes/zigman/5065548/composite 53.23 -0.21 -0.39%
F /quotes/zigman/264304/composite 13.67 0.11 0.81%
T /quotes/zigman/398198/composite 33.19 -0.25 -0.74%
BP /quotes/zigman/247026/composite 33.17 0.14 0.42%
GE /quotes/zigman/227468/composite 25.02 0.01 0.04%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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World News from MarketWatch

Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/68719/composite ADSK-4.80%
  • /quotes/zigman/389699/composite GME-7.01%
  • /quotes/zigman/55989606/composite ACI+13.37%
  • /quotes/zigman/283891/composite BIG+13.60%
  • /quotes/zigman/107036/composite ULTA+0.57%
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Our real-time advice on how market shifts and news impact you and your money

Facebook IPO Friends First-Time Investors

Facebook’s IPO inspired scores of first-time investors to put their money where their status updates are.

Many of those who bought shares of Facebook Friday appear to be new to stocks. ShareBuilder.com, which allows retail investors to make direct investments online, says 40% of all queries in the last 24 hours related to Facebook’s IPO and reported a 20-fold increase on the number of new client accounts opened in the last week. Max Wolff, an analyst at Greencrest Capital Management in New York, estimates that retail investors will make up around 20% of Facebook’s IPO – more than the usual 10% to 15% for an one of this kind. “A lot of Facebook members are turning into first-time investors,” he says. “For them it’s magical, it’s sentimental, it’s a global media event.”

In fact, some first-time investors acknowledge that they’re betting on Facebook because of the hype – not despite it. Michael McHale, a New York-based artisan industrial chandelier maker, spent $1,500 advertising on Facebook and $1,000 on shares. “Return on my first investment in Facebook was zero,” he says. “Facebook has not come up with once in conversation with any of my new clients.” He’s more hopeful for his stock. “I don’t expect to hold onto it for long,” McHale says.

Other first-time investors are taking a longer term approach. Michael Provitera, a professor of organizational behavior at Barry University in Miami Shores, Fla., bought $4,000 worth of shares. “Over 10-20 years it should be a great investment,” he says.

Some experts are skeptical. They say any investor — and especially someone new to the stock market — should make their decisions based on the company’s valuation. At its IPO price, Facebook is valued at around 25 times sales, says Brian Hamilton, CEO of Sageworks, a financial information company based in Raleigh, NC. If Apple was valued at a multiple comparable to Facebook, its would be worth $2.7 trillion rather than its current market capitalization of $500 billion, he says. Wolf agrees, adding that the only first-time investors who will win big will be the estimated 1,000 Facebook employees who are expected to become overnight millionaires. As for the other first timers: “Those people who are buying into Mark Zuckerberg’s success story should buy his biography instead,” he says. “It’s cheaper than the shares and they can re-gift it.”

Novice investors are better spending their money elsewhere, analysts say. Charles Sizemore, a financial adviser in Dallas, Tx., recommends small investors diversify among several dividend-payers that are trading at low prices relative to earnings; he suggests other household names like Johnson & Johnson and Procter & Gamble.

Still, these virgin investors say they’ve missed out investing in companies early. “Caution,” McHale says, had always prevented him from dabbling in stocks in the past. Provitera says that given the stock’s appreciation, he’d be a lot better off had he bought Apple when the iPhone was originally released in 2007. He didn’t want to make the same mistake with Facebook. “You should stand by the product that you love and that you’re a part of,” Provitera says. “If you use Facebook, buy it.”

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  • How breaking news — in the markets, Washington, and around the world — affects you and your money. Have a question about how current events may change your financial future? Email us at ask@smartmoney.com.

MarketWatch - Stock Market Quotes, Business News, Financial News

New York Markets Close in:

need to know
Apple loses key Beats1 radio executive
U.S. July goods trade deficit narrows to $59.1B
China stocks surge amid suspected govt buys
Oil falls, but still eyes weekly gain
European stocks pull back | FTSE 100 seesaws
Amgen gets FDA OK for cholesterol treatment
Student dies after shooting at Savannah State
Icahn discloses stake in Freeport McMoRan
Migrant death toll in truck near Vienna now 70

Co-founder Brin sold this week as Google’s stock fell

Never use a market order when stocks are selling off
Schwab site hit by outages in busy trade stretch

Core inflation eases in July and moves further away from Fed’s target
Core inflation moves away from Fed’s target

John Bogle sees promise in market pullbacks

In this Amazon Prime, not all goods ship for free

Roubini: Better early warning system is needed

Why you should worry and be happy that stocks aren’t a sure bet
Both worry, be happy that stocks aren’t a sure bet

Apple Watch shipments  surprise IDC

Apple to host Sept. 9 product event
Apple closes in on Fitbit in wearables

Democratic leaders frustrated by Clinton’s handling of email issue
More frustration with Clinton on email issue
Poll shows Biden running stronger than Clinton
Trump: I’m OK with raising taxes on myself

Poland looks next to turn against the EU

China wins the Battle of Mountain Pass
China just undermined the U.S. Defense Department

New Orleans 10 years after Hurricane Katrina
Hurricane Katrina: Then and now
Obama in New Orleans to mark 10 years


These are the best jobs for millennials
These are the best jobs for millennials


Instead of flavored vodka, flavored sake?

Craft beer acquisition by Duvel — stay small, stay beautiful
Duvel’s beer deal: stay small, beautiful


How momentum investing could go out of style
Momentum investing could be going out of style

Tesla Model S scores 103 on 100-point scale
Tesla Model S scores 103 on 100-point scale
Elon Musk retweets slow-driving Tesla owner
Colbert should ask Elon Musk, Kalanick this
$400,000 supercar goes up in flames

How to cope when you’re suddenly uninsured

/conga/frontpage.html 353560

Markets »

22.34MDow Volume:
Avg Vol: 111.57M
Unchanged
229
Decliners
2937
Advancers
2972
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,585 -69 0.42%
Nasdaq
/quotes/zigman/12633936/realtime 4,799 -13 0.28%
S&P 500
/quotes/zigman/3870025/realtime 1,983 -5 0.23%
GlobalDow
/quotes/zigman/629063/realtime 2,367 +6 0.26%
Gold
/quotes/zigman/662444/delayed 1,137 +14 1.27%
Oil
/quotes/zigman/2331095/delayed 43.25 +0.69 1.62%
FTSE 100
/quotes/zigman/3173262/delayed 6,202 +10 0.16%
DAX
/quotes/zigman/2380246/delayed 10,236 -80 0.77%
CAC 40
/quotes/zigman/3173214/delayed 4,645 -14 0.29%
FTSE MIB
/quotes/zigman/1482176/delayed 21,912 -289 1.30%
IBEX 35
/quotes/zigman/2759620/delayed 10,266 -24 0.23%
Stoxx 600
/quotes/zigman/2380150/delayed 361 -1 0.36%
Asia Dow
/quotes/zigman/6959860/realtime 2,797 +44 1.61%
Nikkei 225
/quotes/zigman/5986735/delayed 19,136 +562 3.03%
Hang Seng
/quotes/zigman/2622475/delayed 21,612 -226 1.04%
Shanghai
/quotes/zigman/1859015/delayed 3,232 +149 4.82%
Sensex
/quotes/zigman/1652085/delayed 26,392 +161 0.61%
Singapore
/quotes/zigman/1709939/delayed 2,956 +11 0.36%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 0.00 0.12%
Yen
/quotes/zigman/16008150/realtime/sampled 120.97 -0.06 0.05%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 0.00 0.23%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.28%
DXY Index
/quotes/zigman/1652083/delayed 95.88 +0.12 0.12%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.38 +0.11 0.12%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.14 -0.04 1.86%
German 10y
/quotes/zigman/15866409/realtime 0.71 -0.04 4.82%
Italy 10yr
/quotes/zigman/15866497/realtime 1.90 -0.03 1.30%
Spain 10yr
/quotes/zigman/15866444/realtime 2.05 -0.01 0.47%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.81 -0.06 3.15%
Japan 10yr
/quotes/zigman/15866525/realtime 0.38 -0.01 2.48%
Crude Oil
/quotes/zigman/2331095/delayed 43 +1 1.62%
Gold
/quotes/zigman/662444/delayed 1,137 +14 1.27%
Corn
/quotes/zigman/7599553/delayed 378 +3 0.67%
DJIA F
/quotes/zigman/38649152/delayed 16,569 -81 0.49%
S&P F
/quotes/zigman/30356461/delayed 1,981 -9 0.44%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.89%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 91.11 1.38 1.54%
AAPL /quotes/zigman/68270/composite 112.14 -0.78 -0.69%
GOOG /quotes/zigman/30194416/composite 628.59 -9.02 -1.41%
BAC /quotes/zigman/190927/composite 16.35 -0.09 -0.55%
C /quotes/zigman/5065548/composite 53.25 -0.19 -0.36%
F /quotes/zigman/264304/composite 13.66 0.10 0.76%
T /quotes/zigman/398198/composite 33.21 -0.23 -0.69%
BP /quotes/zigman/247026/composite 33.17 0.14 0.42%
GE /quotes/zigman/227468/composite 25.03 0.02 0.08%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/68719/composite ADSK-4.93%
  • /quotes/zigman/389699/composite GME-7.08%
  • /quotes/zigman/55989606/composite ACI+15.36%
  • /quotes/zigman/283891/composite BIG+13.45%
  • /quotes/zigman/107036/composite ULTA+0.66%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration

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