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 [...]
While you’re scurrying around trying to figure out what the hell you’re going to do for Valentine’s Day, this guy clearly has the master plan. This man’s declaration of love, from barehanded gardening to his endless compliments, surely melt his girlfriend’s heart, proving the rest of us may have some learning to do before Valentine’s [...]
Congrats to Jared Leto on his victorious Oscar night! Not only did he take home the award for Best Supporting Actor for his role in “Dallas Buyers Club,” Leto also had one of the best red carpet photobombs we’ve seen in some time. Sneaking up behind Kevin Spacey during a photo, the 30 Seconds To [...]
Graham Bell took a handheld camera down the Rosa Khutor Downhill Piste, and said it was the most challenging Olympic downhill course he had ever tried. Bell competed in five Olympics for the UK from 1984 to 1998, and has done similar runs down other Olympic slopes with a camera as a part of his [...]
Mercury, the two-legged kitten, is fast becoming an internet celebrity. This little critter combines the inherent cuteness of any small animal with the playfulness of a kitten. When we see that Mercury is crippled, our hearts explode into a million pieces. His Facebook page, Raising Mercury, has details about his origin and FAQs about his [...]
While working at a start-up company has its benefits, it can also be frustrating at times. It’s not because of your pay (or lack thereof), or because of the minimal structure, but because of the million questions your friends constantly ask you about your workplace and what you do exactly. From asking about your pay, [...]
Although the Stars and Bars flag technically did not represent the Confederacy (it was the flag of Lee’s Army of Northern Virginia), it is associated with things such as slavery and racial superiority. Recently, the state of Georgia began selling license plates online through their DMV which feature the flag prominently. An organization called the Sons [...]
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