U.S. stocks fell slightly on Friday ending the week on a sour note, after Janet Yellen hinted that the Federal Reserve could raise interest rates at some point this year if the economy continues to show improvement.
On Friday, from technology sector, Shares of Facebook, Inc. (NASDAQ:FB), gained 0.07% to $80.54.
With Facebook recently topping 10,000 employees, growing its ranks 48 percent in the past year, CEO Mark Zuckerberg needed a new building, according to CNBC.
In March, Facebook opened the doors on the new space, which Zuckerberg partnered on with Frank Gehry.
Gehry created the world’s largest open floor plan in the world, and Facebook commissioned local artists to decorate it. The 430,000 square-foot space fits 2,800 employees, and Zuckerberg has a desk right in the middle.
The aim of the building—MPK20 (for Menlo Park Campus building 20)—was to be to create a space that’s eco-friendly and reflects Facebook’s mission to connect people. CNBC Reports.
Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.
Financial stocks remained narrowly mixed in late trade with the NYSE Financial Sector Index dropping about 0.1% while the S&P Financial 100 Index was up by about 0.1%.
From Financial Sector, Shares of Annaly Capital Administration, Inc. (NYSE:NLY), inclined 0.20% to $10.25, during its Friday’s trading session.
Annaly Capital Administration, Inc. owns a portfolio of real estate related investments in the United States. The company invests in various types of agency mortgage-backed securities and related derivatives to hedge these investments; acquires, finances, and manages commercial mortgage loans and other commercial real estate debt, commercial mortgage-backed securities, and other commercial real estate-related assets; and operates as a broker-dealer.
From Services sector, Shares of eBay Inc. (NASDAQ:EBAY), lost -0.03% to $59.72.
EBay Inc. plans to expand its click-and-collect service in the U.K. and across Europe, after buyers on its site collected 1.5 million parcels from British store chain Argos in the first 18 months of the service, according to Bloomberg.
Click and collect is becoming “the dominant way that consumers want their online purchases to be fulfilled” in the U.K., EBay’s senior vice president for Europe Paul Todd said in an interview at Bloomberg’s London headquarters. Bloomberg Reports.
eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise.
On other hand, Liberty Global plc (NASDAQ:LBTYA), ended its last trade with 1.90% gain, and closed at $57.44, hitting its highest level. The company attained the volume of 4,515,549 shares as compared to its average volume of 1,948,500 shares.
Liberty Global plc, together with its auxiliaries, provides video, broadband Internet, fixed-line telephony, and mobile services in Europe, Chile, Puerto Rico, and internationally.
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