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Friday's session was one of the worst for technology stocks this year. According to market reports, theNasdaqComposite fell 2.84% to 25,442.31 and the S&P 500 lost 1.83%. Intel (NASDAQ:INTC) dropped about 29%, its worst day since 1974, after it gave a much weaker fourth-quarter …
Lilly reported results on Thursday, October 29, and the stock rose 6.6% that day to a record close of $1,373.70, according to market reports. Drug stocks rallied as a group that day even as the S&P 500 slipped 0.3%:Market Analysissaid the Health Care Select …
The broader market had a rough day. Market reports said theNasdaqComposite fell 2.84% and the S&P 500 lost 1.83%. Intel dropped about 29%, its worst day since 1974, after giving a much weaker-than-expected fourth-quarter forecast and citing a severe PC slump and a factory …
Friday's session was a punishing one for growth stocks. The Nasdaq-100 dropped 3.46% and the S&P 500 lost 1.82%, according to a closing market summary, while the Philadelphia Semiconductorindexsank 7.2%. Intel plunged almost 29% after a weak fourth-quarter outlook, and Amazon reported a sharp …
The deal talk began on Wednesday, October 28, when market reports said Marvell was in advanced discussions to buy Lumentum. Marvell closed that day at $251.65, according to market analysis. It fell to $218.34 on Thursday and then to $196.40 on Friday, a cumulative …
The decline was modest next to the double-digit losses in chip stocks, but it left Microsoft below its pre-earnings close of $531.01. The day's selling was driven less by anything Microsoft said than by renewed anxiety over the enormous sums being poured into artificial …
The broad trigger was Intel (NASDAQ:INTC)'s weak fourth-quarter forecast, which set off one of the steepest chip sell-offs of the year. Market reports said the Philadelphia Semiconductorindexfell 8.7% during the session, and the closing market wrap showed theNasdaqComposite down 2.84%. Investors were also digesting …
The trigger was Intel. The company beat third-quarter estimates but guided fourth-quarter revenue to $15 billion to $16 billion and adjustedEarningsto 25 cents a share, well short of analyst expectations of roughly $17.1 billion and 43 cents, according to market reports. Intel's chief financial …
The timing was poor. Friday was one of the roughest days of the year for technology shares. TheNasdaqComposite fell 2.84% and the S&P 500 dropped 1.83%, according to market reports. Intel (NASDAQ:INTC) had its worst day since 1974 after a weak fourth-quarter forecast, and …
Friday's session was harsh. Market reports said theNasdaqComposite fell 2.84% and the S&P 500 lost 1.83%. Intel (NASDAQ:INTC) suffered its worst day since 1974 after a weak fourth-quarter forecast, and disappointing results from Amazon (NASDAQ:AMZN) fed worries about the returns on huge AI spending. …
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