Stocks snapped a three-day winning streak on Wednesday after a report showed housing starts fell sharply in October. Techs took a hit after weak outlooks from two software firms.
Stocks were poised for a slightly lower open as investors grew jittery over a government report showing that housing starts took a dramatic decline in October.
Business software maker Salesforce.com Tuesday reported a slowdown in new business ahead of its busiest quarter of the year, sending its shares lower after hours.
Stocks declined Tuesday as investors digested a slew of Fed statements. Disappointing comments from Home Depot and a rebound in the dollar weighed on the market.
U.S. stock index futures headed for a lower open Tuesday, after ending sharply higher in the previous season, as European stocks led the declines and added to the negative sentiment.
IBM launched a new cloud computing service on Monday, aiming to take on companies such as Amazon.com Inc, Google Inc, Microsoft Corp and Salesforce.com Inc.
The tech sector has been the apple of many an investors’ eye; and Joel Fishbein, managing director and senior analyst at Lazard Capital Markets, is bullish on enterprise software makers... Read More