U.S. stocks traded mixed Wednesday as Wall Street appraised results.» Read More
Global sales of microchips are expected to rise about 10% to $273.8 billion this year after increasing 8.9% to $247.7 billion in 2006, an industry group said on Friday.
Analysts said the deal would boost revenue at TI, which already sells Motorola chips for cheaper handsets but recently blamed its poor quarterly results on weak demand for more-costly phones that use multiple TI chips.
Stocks opened initially higher as strong earnings from United Technologies helped boost the Dow. Energy stocks gained as oil moved above $53 a barrel.
But the company's current-quarter forecast disappointed as it said growth was skewed toward low-priced phones.
Stocks in the U.S. are leaning towards a higher open, as investors brace for a barrage of earnings news. Oil is bucking its recent downtrend and is slightly higher as cold weather finally settles into the Northeast. European stocks are trading higher, helped by mining, metals and oil stocks. Asian markets closed higher with Tokyo at a 9-month high.
Buying in technology and financial stocks pushed stocks higher, outweighing declines in the energy sector.
CNBC’s Silicon Valley Bureau Chief Jim Goldman is in Las Vegas for the 40th annual Consumer Electronics Show--where some 140,000 people are previewing products from 3,000 companies over the next four days. Our top tech reporter appeared on “Squawk on the Street” to tell us the companies – and stocks – to watch at the conference.
Showing up for the first trading day of the New Year is a little like arriving for the first day of school. Good grades from last year no longer count, and the books are no longer relevant. That feeling is especially strong when the old year rang in some very comfortable double digit gains for stocks, and the path to the next year's profits is not so clear. The first week of 2007 is awash in data, including the Friday jobs report, auto sales, retailers'.....
It's been a pretty good year for tech stocks--but even a good 2006 doesn't hide the fact that the sector has underperformed the market for the last three years. So--there should be plenty of growth ahead in 2007, right? Scott Kessler is the S&P's Senior Director of Technology Sector Equity Research. Peter Misek is Senior Tech Analyst at Canaccord Adams. On "Morning Call" the pair give their sector outlook and stock "picks."
The portfolio manager and short-selling expert offers CNBC’s Erin Burnett his “possible improbables” for 2007.
Stocks closed lower amid muted reaction to the Federal Reserve's decision to leave interest rates unchanged.
Texas Instruments, the biggest maker of semiconductors for mobile phones, cut its fourth-quarter earnings and revenue outlook Monday, citing weaker-than-expected demand for wireless chips.
U.S. stocks are showing hesitancy ahead of today's Fed announcement with futures pointing to a lower opening. Japanese stocks were higher overnight and European stocks trade lower after initial strength. The U.S. dollar was weaker ahead of the Fed overnight, as the yen slid to a record low against the Euro.
There will be plenty of news for investors to digest with several Dow heavyweights, including General Electric, Procter & Gamble, and Hewlett-Packard, all hosting analyst meetings this week.