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.
How do you typically start your mornings? There’s a new dance party craze taking New York City night clubs by storm, and it all happens before your 8 am coffee. Daybreaker is a new event where professionals from around the city come t...
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 […]
LeBron James is going back to the Cleveland Cavaliers. In an open letter that confirmed what was first reported by Chris Sheridan, James wrote to the public through Sports Illustrated’s Lee Jenkins. In that letter, he explained his decision to return back to his home state, talked about his experiences in Miami and looked toward […]
The longer I watched this, the more nervous I became. This dude is a real-life fruit ninja. In this video, lemons are continually thrown into the air and seamlessly sliced in half with a huge knife. Surprisingly, it’s not a machine doing it. It’s a real human. If this guy were to make even the […]
A new report on missing Malaysia Airlines Flight 370 states that the 239 people aboard suffocated while mid-air and were already dead when the plane plunged into the ocean on autopilot. According to Reuters, the report released by Australian officials on Thursday notes that investigators only came to this conclusion after comparing the crash with […]
What happened to the Brazilian national team during the second half of the World Cup still remains a mystery. Sure, the loss of Neymar was a devastating blow, but a seven-point onslaught from Germany, followed by a shutout to the Netherlands is a straight-up embarrassment. There is, however, a silver lining. In a neverending quest […]
I’ll be the first to admit it: I was a royal brat when I was 17. I went through a rude and inconsiderate teenage phase of my life, but didn’t we all? I’ve learned a lot in the past six years; so much so that I wish I could tell my younger self some wise advice […]
A South Korean soldier who barely passed the psychological test to serve in active duty killed five members of his unit because they kept mocking him for his resemblance to SpongeBob Squarepants. Daily Mail reports that the soldier, known only as Yim, took a personality test last April declaring him mentally unfit to fight on […]
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