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US stocks followed technology shares to push higher Friday after a week of uncertainty, shaking off record-high oil, a federal probe into the nation's largest mortgage lender and another batch of disappointing earnings reports.
Where can the traders be found this week? Deep in the heart of techs.
News Corp's MySpace is trying to retain a hold on its users who may be tempted by newer, hipper Facebook. So, MySpace is staking a claim in online gaming, partnering with Oberon Media, a company that creates and distributes online games. MySpace's games section will launch in January with hundreds of free "casual" games.
The European Commission on Monday extended the deadline for its inquiry into Google's proposed purchase of rival DoubleClick to Nov. 13 from Oct. 26.
Less than two weeks after its stock price smashed through $600 for the first time, Google showed why it might not be long before the Internet search leader's shares are flirting with $700.
Web search leader Google reported a 46 percent rise in profit, fueled by recent accelerating market share gains and tightened cost controls.
Google's trading range over the past year has been pretty staggering: $417.50 a year ago today. A high of $635.96 last week; and hardly a straight line up between that low and high. That hasn't been the case these last couple of months where shares have been on a tear...
Technology has been a big lure in an otherwise fishy stock market this week.
Stocks ended mixed as a strong earnings reports from the tech sector were offset by a selloff of blue chip stocks. Meanwhile, oil futures spiked to a new intraday record but ended lower on late profit-taking.
Third-quarter earnings are generally coming in better than expected so far, though investors aren't always focusing on the good news.
Check a chart of eBay these last three months and you'll see a company in rally mode; a rally that is continuing in a big way today and today's momentum comes from an ironic source. Earlier this quarter, eBay wrote down its Skype investment by about 50%...
The news from tech seems pretty good at first blush, and it's coming from some surprising places. Most notably, the news from Yahoo and the shares are reacting nicely. More than nicely. Yahoo shares scampered 10% as this news trickled out, and I have to say, I'm surprised.
Here are my morning observations: 1) Techs come through: after the disappointment of yesterday, when many regional banks hit new lows, the news flow is far more positive. We said last week techs had to make some positive noises to justify their recent runups: Yahoo, Intel, and Seagate all were better than expected.
Wall Street will try to shake off its housing induced malaise on Wednesday, with the help of some good earnings news from the tech world. But key inflation and housing data and another batch of major earnings before the bell will be play a big role in deciding the course for stocks.
Stocks fell after Fed Chairman Ben Bernanke said the housing slump is likely act as a drag on to U.S. economic growth, sparking investor concerns. "It was just last month Bernanke was saying things were contained, but now he's saying housing troubles can spread," said Brian Hicks, president of Wealth Daily. "This-flip flop in the last month has really spooked the markets."
How much oil pressure can the stock market take before it blows a gasket? Oil continues to surge into record territory, closing in on $88 per barrel and ready to pump right through $90. Stocks are floundering this morning after weakness in Europe and a down day in Asia. China, though, continues to be the exception with Shanghai stocks once more in record territory.
Thanks to some late buying, tech stocks held strong in a rough day ahead of earnings from IBM (IBM), Yahoo! (YHOO) and Intel (INTC) Tuesday after the bell. Should you sell your big tech winners before the earnings storm?
This will be a giant week for tech stocks and tech investors, beginning with three huge names reporting earnings Tuesday: Yahoo, Intel and IBM. So rather than focus on what these companies HAVE reported, I thought I'd focus on what to expect instead.
By the end of the coming week, the corporate earnings picture will be clear and it may not necessarily be one the stock market likes.