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.
Have you stalked your ex on social media? I’m not sure why I even just asked that considering everyone has done it at one point or another. I mean, I’m stalking my ex right now — just kidding, but you get the point. The worst ...
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 […]
Humans have an innate desire to place labels on everything. Labels give people a sense of order, and a way of distinguishing things. Yet, people aren’t things; they are human beings first and foremost. Using labels to describe people ignores deeper reflections of their personhood. A person’s race, sexuality, socioeconomic status or geographic origins does […]
Netflix is continuing its path of restoring the greatness of our childhoods. First, they decided to reboot “The Magic School Bus.” Then, they gave Adam Sandler a four-picture deal. And now, they’ve announced they’ll produce a new “Care Bears” series. The series will be called “Care Bears and Cousins,” and could air as early as […]
Those blessed with the talent of dancing never cease to amaze us (how do they move like that?), but when we’re talking about a kid tearing up the dance floor, we’re stunned on a whole different level. When 8-year-old Charlie mimics the moves from the final scene of “Dirty Dancing,” it’s one of those rare […]
Winning the lottery is the closest most people will ever get to understanding what it’s like to be a member of the Kardashian family — there aren’t many other ways to receive millions of dollars by doing essentially nothing. Most lottery winners eventually fall victim to a phenomenon known as “having no idea how to […]
Okay, okay, so “Homeland” was truly awful for the entire third season (and if we’re being honest, for most of the second season, too). But, to the delight of entertainment masochists who had yet to give up on the CIA drama, “Homeland’s” season four premiere offered some painstakingly overdue promise. The main reason the premiere […]
Warner Bros. and DC Comics are teaming up to bring 10 DC flicks to the big screen with the hopes of challenging Marvel’s massive success in film. With Marvel’s grip on the comic book movie world tightening yearly (particularly after the massive success of “The Avengers” and “Guardians of the Galaxy”), DC plans to release 10 […]
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