Biotech is getting roughed up, after leading the market's gains this year.» Read More
*Further gains in biotech, social media seen limited. *Investors view cyber security, cloud services as growth areas. NEW YORK, April 27- When the Nasdaq Composite last hit record highs during the dotcom era, fund manager Walter Price struggled with justifying paying 400 times a company's earnings for rapid growth.
Stocks soared to record highs with the Nasdaq closing last week at all-time highs. And according to one trader, the rally is just getting started.
Alibaba has partnered with China Telecom to sell budget smartphones in rural areas, in a bid to boost its reach in untapped areas.
Charter Communications is reported to be exploring a new bid for Time Warner Cable, but some predict consumers will lose no matter who buys whom.
An options strategy proposed by Goldman Sachs is reaping profits of nearly 50 percent this quarter.
Amazon shares have had a banner year already. But the best may be yet to come.
Ebay’s chief executive has added weight to Google’s antitrust defence by saying that the pair are direct competitors in online shopping.
*Eyes on Greece as talk of' plan B' swirls. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent, led by solid gains in Greater China, with Hong Kong shares hitting a seven-year high and Taiwanese shares a 15- year high. European shares are seen mixed, with spreadbetters expecting 0.2 percent gains in Germany's DAX and largely flat openings...
NEW YORK— U.S. stocks slumped on Monday as investors looked ahead to a flood of earnings reports this week. Stocks appeared headed for new highs in the morning, but drifted lower in afternoon as health care companies dropped sharply. With little news moving markets, "I think we have some profit-taking here," said chief stock strategist Phil Orlando, of Federated...
BEIJING— Asian stock markets rose Monday after Wall Street gained on strong earnings and investors looked ahead to Apple results and this week's U.S. Sydney's S&P ASX 200 added 0.7 percent to 5,973.30 and Seoul advanced 0.2 percent to 2,163.17. Taiwan, Singapore and Manila also rose.
TOKYO, April 27- Asian shares scaled seven-year highs following stellar earnings from a few U.S. hi-tech giants, but investors were cautious ahead of central bank meetings this week in the U.S. and Japan and on apparent deadlock in Greece's talks with creditors. MSCI's broadest index of Asia-Pacific shares outside Japan was rose 0.3 percent in early trade...
“Mad Money” host Jim Cramer shows off Apple’s latest gadget—kind of.
Jim Cramer was astonished at this rare occurrence in earnings season on Thursday. It was too good to ignore, and he's calling it like he sees it.
Amazon.com Inc, Microsoft Corp and Google Inc led Wall Street higher, pushing the Nasdaq to a second straight record closing high a day after it topped a record that had stood for more than 15 years. "I think we're on more solid footing than the last time," said Gordon Charlop, managing director at Rosenblatt Securities in New York, comparing the latest Nasdaq highs...
NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Xerox Corp., down $1.15 to $11.99. Rival Comcast dropped its $45 billion buyout bid for the cable company after pushback from the Federal Communications Commission.
NEW YORK— Big gains by Amazon, Microsoft and Google sending technology stocks to a higher close. Microsoft and Google also rose after reporting their latest quarterly results. The Standard& Poor's 500 rose four points, or 0.2 percent, to 2,117. The S&P 500 also closed at a record high, beating its mark from March 2 by less than a point.
U.S. stocks closed higher on Friday, with the Nasdaq setting another record as investors cheered major earnings reports.
Reuters reported earlier this month that Pure Storage Inc has hired banks in preparation for an IPO, one year after a private placement valued the data storage company at more than $3 billion. The San Jose, California- based company counts the U.S. Army, Starbucks Corp and eBay Inc among the thousand-plus customers for the infrastructure it builds for data...
The so-called "four horsemen" have helped power the Nasdaq to new records. Of those tech leaders, one name stood out for two analysts.
CNBC Pro highlights the top-performing stocks this week and analyzes whether the good times will continue.