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Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
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CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
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Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
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Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
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Xilinx, Teradyne and Lam Research all reported earnings and revenue that beat investors' expectations in their reports Wednesday. The three stocks led the index on Thursday, with Xilinx, which makes programmable chips for data centers, up 18.4 percent, and Lam Research and Teradyne, which make equipment that manufactures semiconductors, up 15.7 percent and 12.9 percent, respectively. Calculator manufacturer Texas Instruments also beat on earnings Wednesday and rose 6.9 percent the next day, despite missing on revenue.
The index overall was up 5.7 percent Thursday compared to the 0.7 percent pop in the tech-heavy Nasdaq Composite Index. It was the seventh-best day for the index in the past ten years.
Xilinx, which creates chip technology for a variety of industries including communications and aerospace, said it has benefited from the global push toward next-generation mobile networks. On the earnings call Wednesday, Xilinx CEO Victor Peng said that within wireless, "the strong growth was primarily driven by 5G deployments in South Korea and a very early start of the ramp of 5G deployments in China."
For Lam, "strong earnings were driven by better-than-expected margins," wrote Romit Shah, an analyst at Instinet, in a note after the report. Shah has a "buy" rating on the stock and said the company's gross margin of 46.3 percent topped Instinet's 46 percent estimate.
The sector could be poised to take a dive on Friday after Intel, the biggest U.S. chipmaker, reported revenue that missed analysts' estimates. Intel shares plunged as much as 8 percent in extended trading on Thursday.