Shanghai and Hong Kong led Asian equities higher on Monday as record highs in the U.S. boosted sentiment and as investors monitored earnings reports.» Read More
Google, Amazon.com and Microsoft all popped after earnings, but "Fast Money" traders showed less enthusiasm than markets.
Don Gimbel, chief investment officer at Geneva Advisors, says the Nasdaq is setting new records because of low interest rates and an economic recovery going on in the U.S.
Big tech names will dominate market movements on Friday, with continuation of Greece debt talks and just one economic data point expected.
NEW YORK, April 23- The Nasdaq Composite Index set an all-time closing high of 5056 on Thursday, taking out the record it set during the dotcom boom of 2000.. URI LANDESMAN, president of Platinum Partners in New York:. RICHARD WEISS, senior portfolio manager at American Century Investments, which has $150 billion in assets under management.
Check out the companies making headlines after the bell: Amazon, Microsoft, Google & more.
SAN FRANCISCO— Microsoft is changing its business. CEO Satya Nadella has been investing in new services and redesigning Microsoft's most popular programs for smartphones and other mobile gadgets. But a continuing slump in the PC industry has caused Microsoft's stock to flounder in recent months, marking the end of a honeymoon year in which shares rose...
April 23- Microsoft Corp on Thursday reported revenue and profit above Wall Street expectations, as sales of its hardware and cloud-computing services helped to offset a decline in the company's core Windows business. "The Street will cheer these results as it appears Microsoft is back on the right track after a head-scratching performance last quarter."
NEW YORK— Strong demand for cloud computing services helped Amazon's revenue jump 15 percent in the first quarter. And it's expanding Amazon Prime Instant Video, developing new content for its Prime members including a TV series with Woody Allen. But this quarter investors are most interested in details about Amazon's Web Services because it is the first time...
The technology company beat on top and bottom lines, citing strong growth in its hardware, Xbox Live and cloud computing segments.
The Nasdaq composite index closed at a record high Thursday for the first time since March 2000. Previous closing high reached March 10, 2000: 5,048 points. Nasdaq trough reached Oct. 9, 2002: 1,114.
*Nasdaq tops March 10, 2000 high of 5048.62. Its record close of 5,056.06 capped a slow, unsteady climb from a 2002 low of 1,114.11 that spanned a recession, the rise of biotech and social media, and the explosive growth of mobile phones that has helped make Apple the most valuable company in the United States. The index's last record close of 5,048.62 was hit on March...
April 23- Microsoft Corp on Thursday reported revenue and profit above Wall Street expectations, as sales of its hardware and cloud-computing products helped to offset a decline in the company's core Windows business. "The Street will cheer these results as it appears Microsoft is back on the right track after a head-scratching performance last quarter."
NEW YORK— Fifteen years after peaking during the dot-com boom, the Nasdaq composite has reached a new all-time high. But this isn't the Nasdaq of Pets.com and Webvan, when companies were valued on "cash burn rates" and "eyeballs." It has ridden a six-year bull market for stocks to close at 5,056.06 on Thursday, surpassing its previous record closing high of 5,048.62,...
April 24- Fifteen years and 31 trading days. A lot has changed- Apple Inc, now the most highly valued U.S. public company, had a meager $4.49 share price and certainly was not on Wall Street's hot list. Nasdaq value April 23 2015 March 2000 $8.2 trillion $6.6 trillion Nasdaq P/E April 2015 March 2000.
REDMOND, Wash. _ Microsoft Corp. on Thursday reported fiscal third-quarter profit of $4.99 billion. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share. Microsoft shares have declined roughly 7 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed almost 3 percent.
Microsoft is reporting EPS beat of $0.61 on revenue beat of $21.73 billion, with CNBC's Josh Lipton.
U.S. stocks closed near highs, with the Nasdaq at a record, as investors cheered corporate reports.
MANASSAS, Va.— Michelle Obama announced Thursday that the technology industry has promised to hire and train 90,000 military veterans and spouses over the next five years— the latest private-sector commitment to her campaign to help veterans. Microsoft Corp., Cisco and Oracle are among firms making the commitment, she said. Obama said at Micron Technology, a...
Apple Inc. rose. 8 percent to $129.67 with 44,556,100 shares traded. Cisco Systems Inc. rose. 2 percent to $28.68 with 21,576,300 shares traded. Comcast Corp. rose. 8 percent to $59.23 with 61,236,000 shares traded.
*Pepsi, P&G, 3 M blame strong dollar for missing estimates. *Texas Instruments slump pulls down chipmakers. Both Brent and U.S. crude futures rose more than 3 percent on heightened concerns over the security of Middle East supplies as a civil war escalated in Yemen.