Technology stocks slipped early Wednesday, led by slumping shares of Cisco Systems Inc. and Netflix Inc.
Cisco CSCO -2.02% fell 1.7% to $18.26, one of the top decliners within the Dow Jones Industrial Average DJIA -0.79% , which lost more than 80 points at last check.
Shares of Netflix NFLX -2.62% sank more than 2% to $69.
The Nasdaq Composite Index COMP -0.93% retreated nearly 1% to 2,601. The Morgan Stanley High Tech 35 Index MSH -1.08% was also down 1%, while the Philadelphia Semiconductor Index SOX -1.15% was off 1.1%.
Major chip shares traded broadly in the red, including Advanced Micro Devices AMD -1.99% , off 1.5%; Texas Instruments TXN -1.28% , down 1.3%; and Nvidia Corp.NVDA -1.71% , off 1.2%.
Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.
Stocks were kicking off May in high style Tuesday, posting sharp gains after a much better-than-expected report on U.S. manufacturing activity. The Dow Jones Industrial Average was rising 103 points, or 0.8%, at 13,317, after hitting a four-year high at 13,338. The S&P 500 was up 14 points, or 1%, at 1413, and the Nasdaq was adding 23 points, or 0.7%, at […]
U.S. stocks were rising in midday action Tuesday following a better-than-expected read on U.S. manufacturing activity.The Dow Jones Industrial Average was up more than 116 points, or 0.9%, at 13,330. The biggest percentage gainers within the Dow were Bank of America (BAC), JPMorgan Chase (JPM) and Intel (INTC). Shares of Bank of America rose 2.59% to $8.32. The bank said Tuesday it plans to lay […]
Monster Beverage Corp’s shares soared on Monday following a report that Coca-Cola Co. was considering buying the energy drink maker. The Wall Street Journal cited unnamed people in reporting that the world’s biggest soft drink maker was in talks to buy Monster. If a deal transpired, Monster would be Coca-Cola’s largest brand acquisition ever. Monster declined […]
Stocks were surging in morning action Tuesday after a much better-than-expected report on the pace of national manufacturing activity in April.The Dow Jones Industrial Average was rising 80 points, or 0.6%, at 13,294. The S&P 500 was up 12 points, or 0.8%, at 1410, and the Nasdaq was adding 29 points, or 1%, at 3075. Stocks finished modestly lower Monday, marking […]
Bank of America (BAC)’s plan to lay off some of its highest-paid executives looks like the right response to the current banking environment. The Wall Street Journal reported Tuesday the bank will cut 2,000 positions in its investment banking, commercial banking and non-U.S. wealth-management units targeting “the high-earning employees whose efforts helped Merrill Lynch account for the bulk of […]
The first trading day of May got off to a mixed start early Tuesday with all three major U.S. equity indices honing to close to the flat line ahead of a key report on the pace of U.S. manufacturing activity in April. The Dow Jones Industrial Average was down 9.5 points, or 0.07%, at 13,204.The S&P 500 was up less than a […]
Kanye West once made a music video for his song, “Robocop,” off his album 808s and Heartbreak, but the video was never released. That’s because it featured West’s girlfriend at the time, Amber Rose. Apparently, West caught Rose cheating on him and decided that it would be too hurtful and shameful to release a video with someone […]
Never underestimate the power of the Internet. A 15-year-old Vine musician has just shot to number one on the iTunes. His name is Shawn Mendes and a mere 37 minutes after he released his debut EP, it made its way to the top spot on the iTunes Top Albums chart. Prior to the release of […]
It’s an unfortunate reality, but Anti-Muslim sentiments in the US are strong. However, as proven by this Twitter exchange, they are rooted in sheer ignorance. This tweet posted in June 2013 by Ryan Carr just became popular again: Two days ago, American musician Asishpal Singh responded: @HardRCarr ugh I know what you mean, I get really uncomfortable whenever […]
I am 21 and live alone in the biggest city in the world. In a place like New York, it might seem easy to meet people, but truthfully, I’ve never felt lonelier than amidst this hustle and bustle. I can count the number of people I know in the city on one hand. Don’t get […]
The secret ingredient in the sauce of life is forward motion, right? Propelling our bodies and minds in an advancing direction and moving steadily toward the future. Everything about stepping forward, in both the figurative and literal sense, offers positive implications. Regardless of your destination, you can be fairly certain that if you are moving […]
When Walker Colt Pruett was born premature, he only weighed 1 pound, 3 ounces. Born at 26 weeks on April 25, Walter spent 80 days in the neo-natal intensive care unit at the Forsyth Medical Center in Winston Salem, North Carolina. Jared and Erica, his parents, had to wait five days after he was born to even hold […]
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