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 [...]
The New York Knicks are playing just about as bad as is possible right now. But just look at it this way — things couldn’t get any worse, right? And with a monumental game against the Brooklyn Nets tonight (even though both teams “stink” according to Jason Kidd), there’s a lot more riding on the [...]
Don’t kill us, yet. We promise we’re just as sick of Miley’s “Wrecking Ball“ as you, but this video is worth it. This kid is an impression legend and might just beat out the reigning Morgan Freeman champ, Jake Foushee. Honestly, the “Family Guy” impressions are a little over done these days, but give him [...]
There aren’t many former NBA players have transcended from the game to business quite like Lakers legend Magic Johnson. Not only did he play in the league at some of the highest levels, winning five championships in his time, but he also excelled off the court as an entrepreneur. Now as a business magnate and [...]
Thanks to Hiroshi Kajimoto, a Japanese designer, we might be able to get our hands on umbrellas that won’t break within five minutes of use. Why? Well, Kajimoto had the idea to simply turn it upside down. The project is called Unbrella and was started at Kajimoto’s H Concept studio. The Unbrella is basically an inverted [...]
Let’s face it. It’s extremely, extremely difficult to win an NBA championship. In the past 20 years, the only teams who have won are the Heat (3), Mavericks (1), Celtics (1), Lakers (5), Spurs (3), Pistons (1), Bulls (3) and Rockets (2). We’ve seen a handful of players collect most of the rings: Jordan (3), [...]
No matter how rich and successful you become, you’ll always love chocolate chip cookie dough. One of the perks of being rich is that you can have unlimited chocolate chip cookies and milk whenever you want. You could even have a party filled with cookies and waterfalls of milk. And who says chocolate chip cookies [...]
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