7 Stocks you need to know for Friday
The Dow fell 85.78. The Nasdaq 
Here are 7 Stocks You Need to Know for Friday.
Want an iPhone but uneasy about commitment? AT&T (T | Quote | Chart | News | PowerRating) has announced that it will start selling the iPhone by Apple (AAPL | Quote | Chart | News | PowerRating) without requiring a two-year contract. The new month-to-month option will be available as of March 26.
Profit-taking was especially pronounced in financial stocks, many of which have racked up significant gains over the past several days. JP Morgan Chase & Company (JPM | Quote | Chart | News | PowerRating) was down nearly 8% late in trading on Thursday, while Morgan Stanley (MS | Quote | Chart | News | PowerRating) lost more than 13%.
In the wake of the controversy over retainment bonuses paid by American International Group (AIG | Quote | Chart | News | PowerRating), the U.S. House of Representatives passed legislation levying a 90% tax on bonuses paid by companies that received public assistance.
The spike in gold and continued strength in copper has helped the share price of companies like Freeport McMoran Copper & Gold (FCX | Quote | Chart | News | PowerRating), which gained more than 5% on Thursday, but closed off its highs.
Sony Corporation (SNE | Quote | Chart | News | PowerRating) announced a plan to freeze salaries for full-time employees for a year as part of a cost-cutting initiative.
posted by Gordengekko at 12:14 AM
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