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Facebook News Byte: Stocks Turn Higher in Midday Trading on Wall Street

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Facebook News Byte: Stocks Turn Higher in Midday Trading on Wall Street

Facebook News Byte: Stocks Turn Higher in Midday Trading on Wall Street
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Facebook News Byte: Stocks Turn Higher in Midday Trading on Wall Street

by Wochit 0:46 mins

Disappointing results from PulteGroup, D.R. Horton and other home-builders left major stock-indexes with only tiny gains in midday trading. Technology stocks rose after Facebook soared past analysts' earnings estimates U.S. stocks mostly slipped on Thursday, with cyclical sectors falling on some disappointing earnings and concerns about China's growth, though Facebook's rally gave the Nasdaq a lift. Shares of Facebook are soaring in early trading after the company posted results that made a mockery of analyst-estimates.

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