The Dow Jones Industrial Average shed another 73.11 points to close at 12,369.38 and Facebook’s much-hyped initial public offering failed to prop up the downtrodden tech sector as the Nasdaq dropped 34.90 points to finish at 2,778.79.

Facebook (NASDAQ: FB) shares opened to much fanfare and stormed up as much as 18% in early trading before steadily regressing to close at $38.23, up just 23 cents from its opening price.

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