There's plenty of hand wringing around first quarter earnings, and Alcoa didn't help by kicking off the reporting season with a miss.
Stocks held lower on a slew of bad news, as troubles in technology, more signs of weakness in the banking system and a reminder that the housing slump is far from thwarted a week-long mostly positive run on Wall Street.
Stocks opened broadly lower as a slew of warnings that company earnings would slip in the first quarter, especially in technology, combined with more fear in the financial sector to dampen the recent positive run on Wall Street.
Futures are down slightly, but have been stable throughout the morning, despite rather downbeat commentary from Alcoa and AMD. Metals a bit weaker (the IMF sold 12 percent of its gold stake, so gold is down 1 percent), dollar fairly stable, Europe down about 1 percent on average.
U.S. stock index futures were lower on Tuesday after Alcoa opened the earnings season with a fall in profit and AMD said it would slash 10 percent of its workforce.
The Dow was little changed on Monday as rising oil prices stoked fears that corporate profits could suffer. What's the Word on the Street?
Advanced Micro Devices said it will cut 10 percent of its work force after first-quarter sales fell more than it had expected.
Micron Technology, the largest U.S. maker of computer memory chips, on Wednesday posted a wider quarterly loss as revenue fell and costs rose amid a persistent slump in memory chip prices.
Surprise, surprise. Another CEO could get a massive payout despite his terrible performance.
Stocks declined Tuesday after dismal corporate news about Intel and Citigroup.
Today's disaster du jour comes from Intel, the world's largest chipmaker, reducing gross margin expectations for the first quarter by a couple of percentage points. The company now expects gross margins of about 54 percent, compared to its original forecast of 56 percent.
Advanced Micro Devices announced a new collection of chips that will add better graphics capabilities to the motherboards that connect the different parts of a personal computer.
U.S. stock index futures pointed lower Tuesday, with no major data expected and with corporate news adding to investors' gloomy mood.
EU and U.S. senior officials said on Friday they would crack down on counterfeiting of computer components after they seized over 360,000 fake items in just two weeks in a joint operation at the end of last year.
I'm writing from the road this week, taking some time off to attend legendary coach Chris Carmichael's cycling training camp in Buellton, Calif. The camp takes place at the same time as the huge Amgen Tour of California pro cycling race, and both are boasting their fair share of some pretty spectacular technology. Carmichael made a name for himself training Lance Armstrong...
Here we are still in February, and there's already a healthy amount of speculation about Apple's earnings. And when they are released in April, they could hold some surprising news -- thanks in part to China's giant market.
Shares of Nvidia suffered their worst one-day loss in more than three years Thursday, a day after the graphics chipmaker reported the first weakening of gross margin in 13 quarters and concerns mounted over competitive risks from rivals ATI and Intel.
Following are the week’s biggest winners and losers. Find out why shares of McDonald's (MCD) and Pepsi (PEP) popped while Advanced Micro Devices (AMD) and Simon Property Group (SPG) dropped.
U.S. computer maker Dell said on Friday that it was offering the majority of its consumer personal computers with Advanced Micro Devices chips through retail stores and by phone rather than the Internet.
Stocks closed lower, led by financials, after brokers downgraded several big names in the sector, including American Express.