Wednesday has been a day Nasdaq officials would soon like to
For starters, it was the only U.S. index to fall on a day when
most stocks performed reasonably well.
) latest pullback
dragged the entire Nasdaq down - 0.4% as of 3 p.m. eastern. The
S&P 500 (+0.5%) and the Dow Jones Industrial Average (+1%)
were both up.
Earlier in the day, Nasdaq suffered the embarrassment of yet
another IPO mishap when the debut of business-development company
was postponed due to a "human error" by a Nasdaq employee.
WhiteHorse's initial public offering was supposed to launch on
the Nasdaq at 11 a.m. today but was pushed back several minutes
before ultimately being postponed until further notice.
WhiteHorse's botched IPO conjures up memories of
IPO, which Nasdaq bungled in its May 18 debut due to a technical
If that wasn't enough, the Nasdaq is also
for upgrading Facebook to its hallowed Nasdaq-100 list, comprised
of the largest domestic and international non-financial
securities listed on the Nasdaq Stock Market. Facebook, in just
its seventh month as a publicly traded company, is replacing
a world-renowned outsourcing firm that's been in business for
more than 30 years.
So this wasn't the best day in what has already been a tough
stretch for the tech-heavy index. Nasdaq stocks have fallen 2.4%
in the last three months, while both the S&P 500 and the Dow
have made slight gains.