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 […]
There is nothing quite like living in the Big Apple, but if you’re a new transplant to the city, it can be a little overwhelming. It’s been four months since I uprooted myself from Washington, DC, on a quest to see if I had what it takes to make it in Gotham. Though it took […]
The recent referendum in Crimea and the subsequent annexation of the peninsula by Russia has captured much of world’s attention, which has incidentally ignited discussions about secessionism in Europe. On September 18, 2014, Scotland will vote on whether or not to become independent from the United Kingdom. Moreover, as Graham Avery notes in a recent article for the Scottish […]
YouTube user Jacob Hughes has been hailed as the best father ever after posting this clip of his 6-year-old son taking the handlebars of his Harley Davidson. Hughes has his hands over his son’s when the video begins but soon takes them off, allowing the boy to steer the bike by himself. YouTube comments suggest […]
Being true to yourself is one of the hardest things to do in this day and age, especially when it comes to opening up about homosexuality in sports. Jason Collins paved the way for former Missouri football star Michael Sam to come out, and now another young man from a different field of play is […]
Attention, “Goonies” fans! There’s been a major update on the sequel to your favorite film. “Goonies” director Richard Donner has confirmed that Academy Award-winning director and “Goonies” writer, producer and second unit director, Steven Spielberg is on board for “Goonies 2.” In fact, Donner says that Spielberg has already come up with a storyline and […]
You probably thought of at least one person when you saw the name of this list; it’s that person, who no matter how much you love him or her or how great of a friend he or she can be in real life, he or she is without a doubt, the most annoying person on your Facebook […]
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