Wall Street returned from
The social networking company was trading down 7.9% at $29.40 midday Tuesday in New York, down 22.6% from the $38-a-share price at which it debuted May 18.
Since the launch, Chief Executive
The stock market was otherwise in a cheery mood Tuesday. Trading was up 0.6% on the Dow to 12,524, up 0.4% to 2,848 on Nasdaq and up 0.5% to 1,324 on the S&P 500.
Promising news internationally helped boost spirits.
Reports out of China suggest that the Asian giant may be set to boost private spending in major state-controlled industries such as energy and oil.
And Greek polls over the weekend showed the pro-bailout New Democracy party leading leftist opponents before next month's national elections, easing fears that Greece may abandon the euro currency in favor of the drachma.