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Nasdaq's late-night rebalancing of its benchmark Nasdaq-100 Index spurred volatility in Apple shares as its weighting is slashed, and surprised U.S. fund managers who questioned the timing of the announcement.
Nasdaq OMX Group Inc.'s potential hostile bid for NYSE Euronext would face substantial antitrust questions in the U.S., where it would merge two direct competitors and create a monopoly in the market for corporate listings, according to antitrust lawyers.
Electric-car maker Telsa Motors, which makes a luxury all-electric car that sells for $109,000, hopes to raise $178 million from its IPO, which could debut on Nasdaq on June 29.
he Dow industrials ended slightly higher on Friday while the S&P 500 and the Nasdaq dipped as investors paused to consider conflicting signals in monthly U.S. jobs data.
The tech sector bounces back from early losses to close higher Friday on gains from Apple Inc. and Google Inc., leading the Nasdaq Composite Index to another winning week.