FB down 11%, US stocks end losing streak, Asian markets higher


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After Friday’s much celebrated IPO, market sentiment turned against Facebook, which ended Monday’s trading down 11% while Apple and Google drove the NASDAQ composite index higher.  It rose the most since December because of hopes of political progress in Greece, a little more confidence in the euro zone and talks of helping China’s economy.  Other benchmarks – the Dow Jones Industrial Average and Standard & Poor’s 500 stock index – saw their biggest gains of the month.

Read more on the Wall Street Journal  and on Rappler

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