Technology stocks in the U.S. have seen a spike in short-selling since the start of the year, according to financial research firm Markit.» Read More
Despite what you’re hearing these days, tech isn’t going to bottom any time soon. Don’t get bamboozled by hopeful analysts – hope is not a part of the equation.
It was a record day for stocks as every sector finished the day in positive territory. The Dow Jones Industrial Average closed at an all -time high while the Nasdaq and S&P 500 were boosted by strength in tech shares. The S&P 500 finshed the day at a new six-year high.
Seagate Technology said Thursday it would buy closely held EVault, a closely held provider of online backup services, for $185 million in cash.