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This is an archive article published on May 18, 2012

US stocks open higher,Facebook awaited

US stocks opened higher,with imminent mkt debut of Facebook helping to lift sentiment.

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US stocks opened higher on Friday,with the imminent market debut of Mark Zuckerberg8217;s Facebook helping to lift battered investor sentiment.

Still,major indexes were on track to close their worst week of 2012,pressured largely by the ongoing situation in Europe.

Facebook raised about 16 billion in one of the biggest initial public offerings in U.S. history,pricing its offering at 38 a share on Thursday. Shares are expected to begin trading around 11 a.m. 1500 GMT.

The Dow Jones industrial average was up 23.54 points,or 0.19 percent,at 12,466.03. The Standard amp; Poor8217;s 500 Index was up 2.74 points,or 0.21 percent,at 1,307.60. The Nasdaq Composite Index was up 7.68 points,or 0.27 percent,at 2,821.37.

 

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