Companies making headlines before the bell:» Read More
NEW YORK, April 15- The abrupt firing of Symantec Corp Chief Executive Officer Steve Bennett last month is attracting activist investors and private equity firms to the U.S. security software maker, in a development that could potentially lead to its breakup or sale, sources familiar with the situation said.
NEW YORK— Twitter says it has bought its data partner Gnip, which provides analysis of the more than 500 million tweets its users share each day— to advertisers, academic institutions, politicians and other customers.
The late rally even gave a lift to tech stocks like Google and Intel, which had weighed on the market much of the day. "As long as the market can close on a positive note, it sends a signal to investors that there are bargains in the market still to be had," said Quincy Krosby, market strategist at Prudential Financial.
GUANGZHOU, April 15- A Chinese court on Tuesday convicted 12 hospital security guards of "disturbing social order" after staging a labour protest last year, sentencing several to light jail terms in what was seen as a test case for labour rights in China.
Apple Inc. rose $2.07 or. 4 percent, to $521.68. Hewlett Packard Co. rose$. 45 or 1.4 percent, to $32.90. International Business Machines Corp. rose $2.58 or 1.3 percent, to $197.77.
Apple Inc. fell$. 02 or percent, to $519.59. Hewlett Packard Co. rose$. 34 or 1.0 percent, to $32.79. International Business Machines Corp. rose $2.67 or 1.4 percent, to $197.86.
CHICAGO, April 14- A resounding shot across the bow has been fired at the tech sector in recent weeks. The tech-heavy Nasdaq Composite Index is down nearly 5 percent in April through Friday's close and the Nasdaq Biotechnology Index is off 21 percent from its record closing high on Feb. 25.
Apple Inc. fell $1.82 or. 4 percent, to $517.79. Hewlett Packard Co. rose$. 22 or. 7 percent, to $32.67. International Business Machines Corp. rose $1.69 or. 9 percent, to $196.88.
The sharp stock market decline last week doesn't look like it will continue this week, Jonathan Golub, chief U.S. market strategist at RBC Capital, told CNBC on Monday.
BlackBerry said it plans to release security updates for Android and iOS devices by Friday to address the "Heartbleed" security threat.
Like thunderstorms cooling an overheated landscape, more selling could rumble through the stock market in the coming week.
Security experts initially told companies to focus on securing vulnerable websites, but have since warned about threats to technology used in data centers and on mobile devices running Google Inc's Android software and Apple Inc's iOS software.
Are earnings about to shrink? That's what analysts are expecting. And here's what that could mean for the market.
NEW YORK, April 13- The wrenching selloff in U.S. high-growth technology and biotech shares could leave investors braced for more than a minor pullback when earnings pick up speed this week.
The New York World's Fair of 1964 introduced 51 million visitors to a range of technological innovations and predictions, some that turned out to be right on the money and others that, perhaps thankfully, were way off the mark.
"There's skepticism among investors about the outlook, and we're getting into the first-quarter earnings season, so you're going to see some positioning," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in Menomonee Falls, Wisconsin.
Intel, Oracle, Microsoft and Cisco, known as the four horsemen during the late 1990 s technology boom due to their strong performance and leading market share, have all rallied since the beginning of March even as stocks of many other tech companies have been crushed.
When will the selling stop? For insights, Jim Cramer will be watching these earnings in the week ahead.
Apple Inc. fell $3.87 or. 7 percent, to $519.61. Hewlett Packard Co. fell$. 35 or 1.1 percent, to $32.45. International Business Machines Corp. fell$. 49 or. 3 percent, to $195.19.
Intel, Oracle, Microsoft and Cisco, known as the four horsemen during the late 1990 s technology boom due to their strong performance and leading market share, have all rallied since the beginning of March even as many other tech companies' stocks have been crushed.