Earnings from some of the biggest U.S. tech companies will be in the spotlight this week, giving investors a chance to evaluate the sector's health.» Read More
LONDON, July 14- Stock markets in Europe and Asia rose on Monday as investors put aside concern about euro zone banks and looked forward to corporate earnings and a raft of global economic events, including testimony from the head of the U.S.
*Stocks inch ahead in Asia as EU banking worries fade. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent, with Seoul putting on 0.4 percent.
Quarterly earnings growth and clues from companies' commentaries will tell whether there really will be a bounce back in growth in the second half.
Big tech names set to report results this week include Intel Corp and Yahoo Inc on Tuesday; eBay Inc on Wednesday and Google Inc on Thursday. Goldman Sachs analysts wrote in a note that the information technology sector "appears to be the most undervalued sector," giving investors more reasons to be bullish on tech stocks.
Big tech names set to report next week include Intel Corp and Yahoo Inc on Tuesday; eBay Inc on Wednesday and Google Inc on Thursday. Goldman Sachs analysts wrote in a note that the information technology sector "appears to be the most undervalued sector," giving investors more reasons to be bullish on tech stocks.
Its shares have slumped 16 percent since Chief Executive Officer Kevin Murai warned earlier in July that increased demand was already waning from companies buying new computers to upgrade their operating systems after Microsoft Corp stopped supporting Windows XP in April.
Apple Inc. was unchanged at $95.04 with 19,671,200 shares traded. BlackBerry Ltd. was unchanged at $11.42 with 9,671,300 shares traded. Cisco Systems Inc. rose. 1 percent to $25.46 with 12,995,800 shares traded.
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Apple Inc. fell. 5 percent to $94.90 with 21,992,800 shares traded. BlackBerry Ltd. rose. 5 percent to $11.46 with 18,832,600 shares traded. Cisco Systems Inc. rose. 1 percent to $25.47 with 17,833,000 shares traded.
NEW YORK, July 8- Rengan Rajaratnam, the younger brother of convicted Galleon Group founder Raj Rajaratnam, was cleared on Tuesday of conspiring to engage in insider trading while at the hedge fund, ending a five-year winning streak by U.S. prosecutors.
Apple Inc. fell 1.0 percent to $94.97 with 44,417,100 shares traded. BlackBerry Ltd. fell 3.8 percent to $10.78 with 19,371,900 shares traded. Cisco Systems Inc. fell. 2 percent to $25.19 with 17,408,700 shares traded.
NEW YORK, July 8- Jurors began deliberating on Tuesday in the trial of Rengan Rajaratnam, younger brother of Galleon Group hedge fund founder Raj Rajaratnam, who prosecutors say conspired to engage in insider trading.
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SAN FRANCISCO, July 7- Intel Corp said on Monday it would make chips for Panasonic for the audio- and visual-equipment markets, the latest expansion of Intel's contract manufacturing business in the face of slow personal computer sales.
Apple Inc. rose. 6 percent to $94.03 with 22,062,700 shares traded. Cisco Systems Inc. rose. 6 percent to $25.19 with 19,293,200 shares traded. Facebook Inc. fell. 2 percent to $66.29 with 24,636,300 shares traded.
NEW YORK, July 3- Wall Street on Thursday celebrated its love of zeros- the ones that come after commas, that is- as the Dow Jones Industrial Average topped the 17,000 mark for the first time.
The Dow Jones industrial average touched 17,000 for the first time on Thursday, 7 months after the index closed above 16,000 for the first time.
Shares of JPMorgan traded lower as Wall Street digested concerns about the health of its renowned CEO Jamie Dimon.
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