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.
If you were homeless, could you still pick up chicks? Meet Joe, the homeless Millennial who has mastered the art of getting women to take him home with them. Originally from Boston, Joe, 26, may spend his daylight hours panhandling in Manha...
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 […]
By now, you’ve probably covered yourself in ice water as part of the Ice Bucket Challenge, donated money to ALS research to get out of doing it or simply ignored your nomination and hoped that no one would notice. As more people get called out, it’s hard to imagine there are any willing participants remaining […]
You’re talking to a cute guy at the bar and things are going well. There’s a chance you could actually give this guy your number — and maybe even the real one this time. However, there are a few red flags beyond the obvious creeper vibes that should communicate to you that you should change your […]
It seems more and more likely that a “Zoolander” sequel will become a reality sometime in the next couple of years. Ben Stiller spoke about the possibility of a sequel back in June and now, Will Ferrell weighed in. Ferrell, as I’m sure you remember, played Mugatu, the villain of the original film and a […]
The rising gap in wealth in the United States, and around the globe for that matter, has been a point of contention in economic debates for quite some time. Following the onset of the Great Recession in 2008, the issue became a topic of popular discussion, particularly when one looks at the Occupy Wall Street […]
Thanks to my relatively sheltered upbringing and a general lack of adversity in my daily life, I can say with certainty that having to use public transportation is one of the worst things I’ve ever had to endure. It certainly has its perks, but those perks are far outweighed by almost every other frustrating aspect, […]
If you’re like me, you probably get a little nervous when you discover that your favorite novel is being adapted into a movie. This is a completely valid reaction, especially when you consider some literary favorites that have been butchered on the big screen. We all hope film adaptations will recapture our imaginations and intensify […]
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