Midday movers: Facebook, Yahoo, JC Penney
The delayed Facebook opening unnerved investors who began to sell equities, pushing the averages lower.
Facebook (FB) fizzled in its first day of trade on the Nasdaq after posting early gains of as much as 18%.
Yahoo (YHOO) shares climbed 5% after a report that said a deal was near for selling its Alibaba Group stake.
Winnebago (WGO) said it lacks "sufficient information" about North Street's $321 million takeover bid.
Among the notable market gainers on Friday are OraSure Technologies (OSUR), after it announced that regulatory advisers backed the company's bid to bring to market the first at-home HIV test; and Sina (SINA), after Barclays raised the company to "overweight."
Noteworthy losers include J.C. Penney (JCP), after it reported a first-quarter loss and said it would discontinue its quarterly dividend; and Abercrombie & Fitch (ANF), after it reported disappointing first-quarter revenue and same-store sales numbers.
Copyright © 2014 Microsoft. All rights reserved.
The new restaurant, the first of which will open this summer, features premium tacos, fries, craft beer and wine.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.