Some high profile earnings beats by General Electric, Pepsico and Morgan Stanley helped counterbalance the hangover of Wednesday's big tech earnings misses.» Read More
Cisco Systems Inc. rose. 8 percent to $23.12 with 29,404,400 shares traded. Comcast Corp. rose 1.9 percent to $49.79 with 20,195,200 shares traded. Facebook Inc. rose 7.3 percent to $62.41 with 98,138,200 shares traded.
Despite the recent selloff in the broader tech space, names in this sector are holding up, analysts say.
SAN JOSE, Costa Rica— Chipmaker Intel announced Tuesday that it is eliminating 1,500 jobs from its assembly and test operation in Costa Rica, a blow to a country that has used Intel's presence to build a high-tech sector.
During the next two quarters, Intel will move assembly and testing from its site in Heredia, where it has been present since 1997, to existing sites in China, Malaysia and Vietnam, Mulloy said. Still, Intel will continue to have over 1,000 engineers finance and human resources employees in Costa Rica and do some research and development there.
SAN FRANCISCO, April 8- Chipmaker Intel, struggling with a shrinking personal computer market, is shutting its assembly and test operation in Costa Rica and eliminating 1,500 jobs, a spokesman said on Tuesday.
A high-stakes negotiation is taking place over accusations that tech firms illegally prevented employees from being hired at rival firms, NYT reports.
Beginning with its first-quarter report, due on April 15, Intel said it will provide revenues from its recently created Internet of Things Group, which focuses on the emerging trend of connecting everything from bathroom scales to skyscraper ventilation systems via the Internet, and a new Mobile and Communications segment.
Cisco Systems Inc. rose. 6 percent to $22.85 with 54,318,700 shares traded. Facebook Inc. rose. 4 percent to $56.95 with 106,145,300 shares traded. Groupon Inc. fell 5.0 percent to $7.45 with 30,411,300 shares traded.
Some of Monday's midday movers:
NEW YORK, April 7- U.S. stocks opened lower on Monday, with the S&P 500 on track for its third straight decline, as weakness in some of the market's recent high-flying names continued. Yahoo Inc fell 2 percent to $33.58, Biogen lost 2.2 percent to $282 and Gilead Sciences Inc fell 1.3 percent to $71.04.
The mainframe business got slowly crushed by cheaper competition. Will the same thing happen to data management companies? NYT reports.
The tumble of once highflying tech stocks signals a potential shift in investors chasing eye-popping growth, the New York Times reports.
Cisco Systems Inc. fell 1.6 percent to $22.71 with 48,874,200 shares traded. Facebook Inc. fell 4.6 percent to $56.75 with 123,790,500 shares traded. Groupon Inc. fell 1.8 percent to $7.84 with 24,456,000 shares traded.
NEW YORK, April 3- U.S. stocks fell on Thursday afternoon, led by a sharp drop in biotech and momentum stocks, including Facebook, Tesla and Netflix.
Take a look at some of Thursday's midday movers:
Check out which companies are making headlines after the bell Wednesday: TSLA, INTC, BRCM
CNBC's Jon Fortt discusses the significance and scale of Intel's $740 million stake in big data company Cloudera.
Apple, Google, Intel and Adobe argued that any no-hire agreements between the companies were reached independently, and were not part of an overarching conspiracy. An Intel spokesman said the company is studying the ruling.
SAN JOSE, Calif., March 27- Apple Inc, Google Inc and two other Silicon Valley companies are making progress toward settling a closely watched lawsuit where tech workers allege the companies conspired to avoid competing for each other's employees in order to drive down wages.
Stocks wavered Thursday after mixed economic reports.