A group of once high-flying tech names could be set to break out once more, 15 years after they played a starring role in the tech bubble.» Read More
SAN FRANCISCO, Jan 29- Broadcom Corp posted fourth-quarter results on Thursday that exceeded Wall Street's expectations as the chipmaker increased its focus on Wi-Fi and broadband chips. Broadcom, a leader in connectivity chips with features like Wi-Fi and Bluetooth, reported fourth-quarter revenue of $2.14 billion, up 3.8 percent from the year-ago period.
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Some of the names on the move ahead of the open.
Companies are making headlines after the bell Tuesday:
Some of Thursday's midday movers:
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Wall Street fell as Boeing Co and Biogen Idec tumbled after their results disappointed investors, the two biggest drags on the S&P 500.. The retreat on Wall Street pulled MSCI's gauge of global equity performance lower, but European stocks closed higher, largely driven by earnings. GlaxoSmithKline rose 2.6 percent in London after saying it expects an Ebola...
NEW YORK, Oct 22- U.S. stocks turned lower in afternoon trading on Wednesday, with major indexes erasing earlier gains as a shooting at the Canadian parliament unnerved investors and Boeing and Biogen sold off following results. Market benchmarks began drifting lower in late morning after a gunman fatally wounded a soldier in Ottawa, the Canadian capital, and...
Broadcom on Tuesday reported third-quarter profit of $98 million.
*Broadcom and Yahoo rally after results. NEW YORK, Oct 22- U.S. stocks turned lower in afternoon trading on Wednesday, with major indexes erasing earlier gains as both Boeing and Biogen sold off following their results. Biogen Idec was the biggest drag on the S&P 500, falling 7 percent to $303.88 after the company reported sales of its big-selling new multiple...
*Results from Broadcom and Yahoo lift tech shares. Tech names were among the biggest advancers a day after both Yahoo Inc and Broadcom beat revenue expectations. Broadcom shares climbed 6.9 percent to $39.90 while Yahoo was up 5.3 percent at $42.34; the two made up the S&P 500' s top percentage gainers.
WASHINGTON, Oct 22- U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while. The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 percent last month as a rise in food and shelter costs offset a decline in energy prices.
Both Yahoo Inc and Broadcom beat revenue expectations late Tuesday, putting the benchmark S&P 500 on track for its biggest five-day rally since December 2011. Yahoo rose 5.9 percent, Broadcom jumped 6.8 percent and GlaxoSmithKline rose 3.6 percent in London after saying it expects a vaccine against Ebola to be ready later this year. Both Yahoo and Broadcom...
*Results from Broadcom and Yahoo lift tech shares. Tech names were among the market's biggest advancers a day after both Yahoo Inc and Broadcom beat revenue expectations. Broadcom shares climbed 7.2 percent to $40.01 while Yahoo was up 5.7 percent at $42.47; the two made up the S&P 500' s top percentage gainers.
Late Tuesday, both Yahoo Inc and Broadcom beat revenue expectations, and the stocks were the S&P 500' s two biggest advancers. Broadcom climbed 7 percent to $39.95 while Yahoo was up 6.4 percent at $42.77. Dow Chemical rose 1.6 percent to $48.98 after its results, helping to lift material stocks 0.6 percent.
Late Tuesday, both Yahoo Inc and Broadcom beat on revenue. Dow component Boeing edged 0.3 percent higher to $127.50 after its results, while Dow advanced 4 percent to $50.13. Yahoo climbed 5.4 percent to $42.34 while Broadcom added 6.3 percent to $39.70.
NEW YORK, Oct 22- U.S. stock index futures were flat on Wednesday, implying that buyers were taking a pause following the biggest four-day rally for the S&P 500 since January 2013. Late Tuesday, both Yahoo Inc and Broadcom posted better-than-expected revenue growth. Yahoo rose 3.3 percent to $41.52 in premarket trading and was the Nasdaq's most active premarket...
Companies making headlines after the bell Tuesday:
Apple spends $200 to $247 in parts and labor to build an iPhone 6, a teardown analysis of the device shows, Re/code reports.