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 […]
Texting is the perfect way to communicate with someone you don’t actually feel like talking to, and while there are a number of advantages to unspoken communication, there are also a lot of opportunities for things to get lost in translation. Texting hasn’t reached a point when there are signs to denote bitter sarcasm and […]
When you have an email address that incorporates tens of thousands of individual accounts, you typically take steps to make it impossible for people to get ahold of your contacts or to send responses. When you fail to do this, all it takes is a simple “Reply All” for someone to send a personal message […]
Ever since Instagram launched in 2010, the photo-sharing platform has remained a hotbed for “rich kid” accounts. You know, those Instagram accounts highlighting the wealthiest kids in the world who are handed everything from pavé-set Richard Mille timepieces to brand new Maserati Gran Turismo coupes. If you’ve ever heard of the Rich Kids of Instagram […]
Canadians are born with ice skates on their feet, allowing the country to produce some of the best hockey players in the world. It can make childbirth a bit of a process, but most people are willing to accept the trade-off. The Penticton VEES are a junior hockey team from British Columbia and, as is […]
It’s the 20th anniversary of the premiere of “Friends.” To celebrate the occasion, we have some amazing minimalist posters to show you. Allison Hoover, an art school student, created the posters, which she originally made as part of a homework assignment. In fact, Hoover was only meant to design one poster. But, she went a […]
Whoever said animals don’t understand us when we talk to them, clearly, did not own any animals. Time and time again, animals have proven they, in fact, do understand. This video is proof. A Shiba Inu pup named Aiko apparently broke into her owner’s fridge to chow down on some cheese. When the owner calls […]
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