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%.
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 [...]
April was very good to Miguel Cabrera, Justin Verlander and Torii Hunter. Cabrera put his name in one spot in the Detroit record book Tuesday night with his 27th and 28th RBI of the month and in another with his 37th hit. Verlander ended the month with his best April ERA (1.83) and improved to 3-2 [...]
For all you young parents out there, here’s a new anthem for you: “Diaper Money.” For YouTube’s Comedy Week, The Lonely Island has decided to release another video/track from their new album, “The Wack Album.” The video describes all of the perks of being a grown ass man, including having kids, one woman on lock [...]
Washington has come under fire for lying once again as it has now been officially proven that a great deal of what the White House first told us about what happened at Benghazi on September 11, 2012 was in fact untrue. They told us it was a random “street demonstration” influenced by a movie that [...]
Juicy J’s Stay Trippy tour comes fresh off the heels of hit remixes featuring the likes of Lil Wayne, Rihanna, Wiz Khalifa. Although the rest of the Three-Six camp may have slipped into obscurity for the time being, Juicy J released the most definitive strip club anthem for our generation. With his unwavering popularity as [...]
It appears that in the shadow of a new season, a new coach, a new general manager and a new quarterback, there is an old character who is about the re-enter the world of the Kansas City Chiefs. That would be D-Bowe, as in the “D-Bowe Show.” For the past four years, Dwayne Bowe has [...]
The NCAA has banned the use of Twitter hashtags on college football fields in an attempt to stop a phenomenon before it spins out of control. On-field hashtags in college football have gained in popularity since the first one appeared in the end zone at Mississippi State’s Davis Wade Stadium in November 2011. Typically, it’s used [...]