An eight-day winning streak for technology companies ended. Energy companies fell with oil prices. Investors picked consumer-focused companies, drugmakers, and high-dividend utilities and household goods companies.
“Banks are being cautious and that has to make people a little nervous, and the market continues to plow money into the same names everyday,” said Winer, citing stocks like Amazon.com Inc. AMZN, -0.21% Alphabet Inc. GOOG, -1.13% GOOGL, -0.91% …
NEW YORK U.S. stocks were little changed on Wednesday as financials dropped after JPMorgan and Bank of America warned of revenue weakness, offsetting gains in defensive plays.
Large-cap tech stocks have been the stalwart of the U.S. equity market this year, but other stocks need to pick up some slack to keep the good times rolling.
Chipmaker Broadcom (AVGO) notched a record high stock price on Wednesday ahead of its fiscal second-quarter earnings report, due out after the market close Thursday.
Palo Alto Networks stock climbed 13 percent in extended trading on Wednesday after the security software maker reported third-quarter revenue that topped analysts’ estimates.
But don’t sleep on yet another tech giant whose stock is doing extremely well — Microsoft (MSFT, Tech30). Shares are up nearly 13% this year and are also trading at an all-time high.
Former Microsoft CEO Steve Ballmer said during an interview on Tuesday that he thinks the technology company’s stock didn’t have an opportunity to fluctuate when he was in charge.
Stock in some of the U.S.’s biggest banks were getting slammed on Wednesday, led by a sharp drop in shares of Goldman Sachs, as executives from some of …
Stocks opened slightly higher Wednesday, but quickly slipped into narrow losses as a sharp drop in oil prices countered rising tech stocks bolstered by a strong quarterly report from Analog Devices (ADI). The Nasdaq, the S&P 500 and the Dow Jones …
Most CEO’s take the position that their company’s stock price is too low. They inevitably talk about how large the company’s markets are and how the company will continue to grow.
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