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Wall Street should brace for a round of profit warnings from U.S. technology companies this results season, as consumers and businesses rein in spending amid a weaker economy and record energy prices. The world's largest microchip company, Intel Corp spacer , kicks things off for the sector Tuesday, followed by top computer services provider IBM spacer Wednesday and Web search leader Google Inc spacer Thursday.
A steady stream of downbeat news seemed to leave the market unmoved for most of the week -- until the bluest of the blue chips, General Electric, posted first-quarter earnings that missed Wall Street expectations by seven cents per share, and lowered its full-year guidance.
Following are the day’s biggest winners and losers. Find out why shares of Amgen and Home Depot popped while Rite Aid and First Marblehead dropped.
Plus, Intel drags down tech, breaking news from American Airlines and UPS and much more.
Just how bad can it get for Advanced Micro Devices? Seems we've been down this road often, and recently. It was only January when Banc of America issued a blistering advisory to clients that despite a 62 percent pummeling in 2007, AMD spacer was still not a good deal; that difficult times still lay ahead.
Stocks struggled back to level ground after investors shrugged off a slew of bad news from technology companies, real estate and banks.
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.
Dell expects to expand its profitability this year as the company shifts its resources to faster-growing emerging market regions, Chief Executive Michael Dell said Tuesday.
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.
You ever watch popcorn pop? The oil gets hot, the kernels start moving around, and then one pops. And another. And then pretty soon, it gets so hot that everything pops all at once. Check out what's going on today on Wall Street with Apple and you gotta wonder whether these are merely the first kernels to pop before the company reports earnings.
Where's an investor to turn, surrounded by the uncertainty of dismal economic numbers and weak corporate earnings and projections?
Following are the week’s biggest winners and losers. Find out why shares of eBay and Prudential popped while Dell and Sotheby's dropped.
Major stock indexes ticked higher Friday though the market was broadly mixed. General Motors skidded, while UBS shares advanced.
Stocks opened flat Friday as investors shrugged off a worse-than-expected March employment report.
Stocks logged another lackluster session Thursday in the wake of Tuesday's spectacular rally as the market digested a mixed bag of economic data and a congressional hearing on the Bear Stearns bailout.
Is Dell running the risk of becoming the Yahoo! of the PC sector? Seems that way. The company has been spiraling, locked in fits and starts of recovery and morass for the better part of four years, and now there's word that already aggressive cuts and reorganization scenarios apparently weren't aggressive enough.
Stocks opened lower Thursday after a larger-than-expected rise in weekly jobless claims.
Dell plans to cut more jobs than the 8,800 it earlier targeted and has already eliminated 5,500 positions, Chief Executive Michael Dell said Thursday.
It's a booyah-free zone. There goes Swifty!