PhotoCreditNearly everything on the stock market fell on Thursday, with some tech companies taking particularly hard hits.Most notably, Twitter dropped back to its initial public offering price of $26, after continued questions about whether the service can keep attracting new users. Netflix plunged nearly 8 percent, while Facebook fell 5 percent and LinkedIn declined 4 percent.The carnage kept on going […]
Hewlett-PackardTechnology company Hewlett-Packard reports quarterly earnings on Thursday. Its stock has fallen more than 17 percent this year.HP has a chance to move higher after its earnings and could rise to $38 per share in the short term, said trader Guy Adami. It closed around $33 on Wednesday.But HP stock may not react well after earnings, and investors should stay […]
Nasdaq closed above the 5000 mark for the first time since Mar 2000 boosted by a new deal in technology sector. The Dow and the S&P 500 also touched record highs as the US economy is seen to be gradually picking pace. Markets ended in the green, despite reports of slowdown in manufacturing activity and consumer spending. Meanwhile, interest cuts […]
Entering the week we noted holiday weeks are generally known for quiet, low volatility sessions with a modest upward skew – and that is exactly what we have seen this week. The S&P 500 gained 0.28% and the NASDAQ 0.61% as buyers slowly came into the market all day. Orders for U.S. business equipment such as machinery and electrical gear […]
Breaking–A+Apple reaches record breaking $700 billion market cap as stock surge continuesBy Neil HughesTuesday, November 25, 2014, 06:42 am PT (09:42 am ET)Shares of Apple reached another major financial milestone on Tuesday, crossing the $700 billion market capitalization threshold just after trading began on Wall Street.
With shares of AAPL trading at an all-time high, Apple is more valuable than it […]
Benchmarks ended in the positive territory on Friday, following reports of a rise in new home sales. Friday’s gains led the S&P 500 close at a record high and helped the blue-chip index close in the green for the year. Homebuilder stocks were among the biggest gainers for the day. Hewlett-Packard and GameStop’s better-than-expected earnings added to the bullish sentiment. […]