Wall Street Searches For Direction At Open Friday - IBTL

Wall Street Searches For Direction At Open Friday

May 26, 2012 Comment

The market is searching for direction as trading gets underway Friday. Morgan Stanley will adjust thousands of trades relating to last weeks botched Facebook IPO. PayPal has reached a deal with 15 new retailers, including Toys R Us, J C Penney, and Barnes and Noble. VeriFone Systems revealed a quarterly profit that fell 43% from last year. Dish Network has filed suit against the four major networks. Citigroup has sold a sizable stake in Turkey's Akbank.

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Dr. Manmohan Singh,
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