Summary Box: Stocks follow LinkedIn IPO higher

AP News
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Posted: May 19, 2011 5:21 PM
Summary Box: Stocks follow LinkedIn IPO higher

LINKEDIN POPS: Social networking company LinkedIn more than doubled in its first day of trading, ending the day at $94.25. It was the biggest IPO for an Internet company since Google debuted in 2004.

OIL SLUMPS: Oil prices fell back below $100 a barrel after an international agency said that refineries needed to increase production to lower gasoline prices.

THE INDEXES: The Dow added 45.15 points, or 0.4 percent, to close at 12,605.32. The S&P index rose 2.92, or 0.2 percent, to 1,343.60. The Nasdaq gained 8.31, or 0.3 percent, to 2,823.31.