(Reuters) - Just when brokers thought Mom-and-Pop investors were getting excited about the stock market, along came Facebook.
The 17 percent plunge in Facebook's shares since its ballyhooed debut last Friday, coupled with Nasdaq's mishandling of opening day trading, is spooking the very investors who had seemed the most intrigued by the offering, said Wall Street executives.
Investors poured $33.5 billion of net new money into U.S. stock mutual funds in the first quarter, according to Thomson Reuters Lipper. In the last three weeks, however, they pulled out $16.3 billion.
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