Intel Corp's fourth-quarter revenue and margin outlook handily beat Wall Street's expectations, helped by better pricing and demand for server chips, underscoring hopes for a 2010 tech sector recovery and sending the stock rising.
Technology shares drove Wall Street higher on Thursday on bets ahead of Intel's quarterly results that business spending will bolster profits in the sector.
President Barack Obama on Thursday proposed Wall Street banks pay up to $117 billion to reimburse taxpayers for the financial bailout, as he slammed bankers for their massive profits and obscene bonuses.
Technology shares lifted Wall Street on Thursday as investors bet business spending will bolster profits in the sector.
Stocks traded slightly higher on Thursday, led by the technology sector after upbeat brokerage comments on Oracle Corp and ahead of an expected profit report from Intel Corp.
U.S. stocks traded flat to slightly higher on Thursday as upcoming earnings from Intel Corp spurred interest in technology shares, though gains were limited by an unexpected drop in December retail sales.
Stocks edged higher on Thursday as optimism about forthcoming earnings from technology bellwether Intel Corp overcame doubts about the pace of economic recovery stirred by a drop in December U.S. retail sales.
Stock index futures pointed to a lower open on Thursday after an unexpected drop in U.S. retail sales last month pointed to an uneven economic recovery.
Stock index futures edged higher on Thursday as investors awaited results from technology bellwether Intel Corp and a report on December U.S. retail sales, a day after the Dow index rose to a fresh 15-month high.
Stock index futures edged higher on Thursday as investors awaited results from technology bellwether Intel Corp and a report on December U.S. retail sales, a day after the Dow index rose to a fresh 15-month high.
Stock index futures dipped on Thursday as investors awaited quarterly results from technology bellwether Intel, a day after the Dow industrials rose to a fresh 15-month high.
U.S. stock index futures pointed to a mixed open on Wall Street on Thursday, with futures for the S&P 500 up 0.11 percent, Dow Jones futures unchanged and Nasdaq 100 futures down 0.11 percent at 4 a.m. EST.
Wall Street's chiefs acknowledged taking on too much risk and having choked on their own cooking, but stopped short of an apology as they sparred with a commission looking into the origins of the financial crisis.
U.S. stocks rose on Wednesday as investors bet on recently weakened technology and financial shares ahead of earnings from bellwethers Intel Corp and JPMorgan Chase & Co , taking the Dow industrials to a fresh 15-month high.
U.S. stocks rose on Wednesday as investors bought financial and technology shares ahead of earnings from bellwethers Intel Corp and JPMorgan Chase & Co later this week.
Stocks extended gains on Wednesday as investors scooped up financial and technology shares, and Merck & Co benefited from a brokerage upgrade.
Top executives of Wall Street's biggest banks acknowledged broad failures as they testified to a U.S. commission looking into the financial crisis, while the White House said an industry apology was in order.
Stocks rose on Wednesday, shrugging off earlier losses, after Kraft raised its outlook and a brokerage upgraded Merck & Co. in welcome signs about future earnings.
Google Inc's threat to withdraw from China over censorship and cyber attacks has suddenly jeopardized any plans it has for the world's biggest Internet market, stunning investors and analysts.
Goldman Sachs defended its role in creating securities at the center of the financial crisis under tough questioning from a U.S. commission investigating the 2008 meltdown.
Wall Street looked set for a modest rise on Wednesday as a positive outlook from Kraft Foods Inc revived hopes for a strong earnings season, and Chinese Internet search engine Baidu Inc surged on news rival Google Inc may pull out of China.
Stock index futures rose on Wednesday as a positive outlook from Kraft Foods Inc revived hopes of a strong earnings season, and Chinese Internet search engine Baidu Inc surged on news rival Google Inc may pull out of China.
Chinese stocks led a drop in Asian equities on Wednesday as Beijing's surprise hike of banks' reserve requirements sparked investor concerns that the move could slow the country's purchases of natural resources and other imported goods from Asia.
Stocks and commodities fell in Asia on Wednesday after China's surprise hike of banks' reserve requirements sparked investor concerns that the move could slow China's purchases of natural resources and other imported goods from Asia.
U.S. stocks slid in a broad selloff on Tuesday as investors pummeled financials on concerns about a potential government levy on banks, while Alcoa Inc's disappointing results tempered optimism about the economic recovery.
U.S. bank stocks fell on Tuesday after reports that the Obama administration might charge banks more than $100 billion made investors worry about the sector's profits.
U.S. stocks slid in a broad selloff on Tuesday as investors pummeled financials on concerns about a potential government levy on banks, while Alcoa Inc's disappointing results tempered optimism about the economic recovery.
Some Wall Street executives in line for fat bonuses are akin to mad scientists whose brilliance justifies the size of their pay packages, the head of the U.S. Chamber of Commerce said on Tuesday.
Stocks fell on Tuesday, halting a six-day streak of gains, after weaker-than-expected results from Alcoa Inc and on concerns banks could face fees from the government to recoup losses tied to bailouts.
Alcoa's stock plummeted on Tuesday as Wall Street digested the aluminum producer's worse-than-expected quarterly results amid nagging concerns over whether the metal's price rally can keep going.