Groupon stock fell Wednesday to its lowest price since the company went public last November. In June, the deal site's web traffic delined 15 percent from a year earlier, which may have contributed to the drop in Groupon stock.
Jamie Dimon, JPMorgan's CEO, said Friday that the bank's loss from a highly publicized trading blunder had grown to $4.4 billion, more than double the original estimate. Jamie Dimon faces further questioning from Wall Street analysts later Friday.
In an abbreviated holiday trading session energy stocks rose due to increased tension over Iran. The major stock indexes moved higher after the government reported that factory orders rose in May. The Dow Jones rose 72 points to close at 12,943.
Facebook stock fell 7 percent in early trading Tuesday, after an 11 percent fall Monday. In challenging market environment, selling IPO of Facebook stock is like 'trying to get a jumbo jet to take off in turbulent weather.'