A Tale Of Two Stock Exchanges...

There’s buzz today about the NYSE making a press for Facebook to switch stock exchanges, since its IPO flopped and there were technical issues on the first day.

No surprise then: Shares in NYSE Euronext are trouncing shares in NASDAQ today.

In both charts, the NYSE is the blue line.

image

Meanwhile, check out the 5 day chart.

The NASDAQ is down 6%. The NYSE is positive.

image

Looks like a classic “winner’s curse” for the NASDAQ.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.