the s&p 500 gained 2. but the nasdaq was down by 11 points. well, it is pay back time for pakistan s decision to lock up a doctor who helped the u.s. track down usama bin laden. today, a senate committee voted to cut u.s. aid to pakistan by $33 million. that s a million bucks for every year of the doctor s 33 year sentence. he ran a vaccination program for the cia. and collected d.n.a. samples. to confirm bin laden really was at this compound. pakistani officials convicted the doctor of treason. senators point out he betrayed al qaeda. not pakistan and secretary of state hillary clinton said today the way that pakistan is treating him is, quoting here, unjust. and unwarranted. well, a u.s. army private is facing life in prison after a federal jury convicted him today of plotting to kill fellow soldiers. investigators say the 22-year-old planned to bomb a restaurant full of troops near
price. seven surveyed three recommended buying, two say sell the stock and two others say just hang on, trace. trace: but this whole mess, rich, could be good news for the new york stock exchange. well, there are reports nasdaq s o reilly, the new york stock exchange is talking to facebook about moving its listing there. the nyse, however, says in a statement there have been no discussions with facebook regarding switching their listing in light of the events of last week. nor do we think a discussion along those lines would be appropriate at this time. that s an eventful week of first trading, trace. trace: eventful indeed. rich, thank you. able to shake off worries in europe on promising jobs numbers here at home. fewer people filed for unemployment benefits last week. the labor department reports the number fell by 2000 to 370,000. that helped counter act concerns about europe s debt mess. the dow was up 34.
just every day folks who say they bought overpriced shares because they bought in to all the hype. the fox business network s rich edson with the news. he is live in our d.c. newsroom. what do analysts think the chances are of these shareholders getting their money back? right now, trace. pretty decent. at least some of it. reports say nasdaq hopes to set aside at least $13 million to settle bad trades. officials are still sorting through facebook s first stock sale to figure out how much investors may have lost on trading errors. though, some analysts say nasdaq is going to set aside much more than 13 million to cover trading losses, trace. shepard: we mentioned it was up a buck today. we have seen the stock go up for two straight days. do analysts think the blood bath is over here. you can bet on that. not just by buying the stock. australian bookie is offering 3 to 1 odds facebook ends up the year about where it is. finishes up better than actual
firms announced 10s of millions of dollars in losses from the social network s botched initial public offering. and at if fidelity investments brokers say they re dealing with thousands of customers complaining of problems with their trades. today, facebook stock finished up a buck to $33. that s a long way from its $38 opening price. in fact, that means the company has lost more than $30 billion in just one week. the problems began with a technical glitch at nasdaq that delayed the trading. then the bombshell allegations that the company s underwriters hid important information from investors about facebook s business slowing down. already at least two shareholder groups are suing the company. the feds have launched an investigation. and there is even talk of hearings in both houses of congress. important to note the fiasco is is not just hammering wall street. it s hitting main street as well. bloomberg news reports small investors have lost some $600 million in this mess.