Big earnings surprises gave a positive turn to investor sentiment on Wednesday, propelling U.S. stocks to their best day in a month and lifting the Dow industrials to their highest in almost three years.
Strong profits and outlooks from tech and manufacturing companies propelled U.S. stocks higher on Wednesday, delivering the biggest lift to sentiment since quarterly earnings reports began a week ago.
Strong profits and outlooks from tech and manufacturing companies propelled U.S. stocks higher on Wednesday, delivering the biggest lift to sentiment since quarterly earnings reports began a week ago.
US stocks rallied in early trade on Wednesday as upbeat earnings from major technology companies’ boosted sentiment for corporate-profit trends.
U.S. stock index futures climbed on Wednesday after solid earnings and outlooks from major technology companies renewed optimism over the economic recovery.
Major U.S. stock indexes jumped more than 1 percent at the open on Wednesday as upbeat earnings from major technology companies’ boosted sentiment for corporate-profit trends.
The companies whose shares are moving in pre-market trade on Wednesday are: Williams Companies, Freeport-McMoRan, Advanced Micro Devices, salesforce.com, Sandisk Corp, Applied Materials, Textron, Intuitive Surgical, International Business machines and Wells Fargo.
The top pre-market NASDAQ Stock Market gainers are: ASML Holding, Rediff.com India, Intel, Sify Technologies, Aixtron, and Wynn Resorts. The top pre-market NASDAQ Stock Market losers are: Cree, TriMas, and Adobe Systems.
U.S. stock markets gained for the first time in four days on Tuesday as stronger-than-expected report on new home starts and encouraging quarterly results from Johnson & Johnson helped lift the markets.
Stock index futures pointed to a stronger open on Wall Street on Wednesday, with futures for the S&P 500 up 0.8 percent, Dow Jones futures up 0.5 percent and Nasdaq 100 futures up 0.8 percent at 0847 GMT.
Strong results from a clutch of technology heavyweights, led by top global chip maker Intel Corp and cloud computing specialist VMware Inc, may give the battered U.S. tech sector a boost.
The top after-market NASDAQ Stock Market gainers are: CDC Corp., Nanometrics, Intel, Yahoo!, and Hologic. The top after-market NASDAQ Stock Market losers are: Cree, TriMas, Ceradyne, ViroPharma, and Veeco Instruments.
Intel Corp forecast revenues well above Wall Street's targets, sending its shares higher in after hours trade.
Strong results from a clutch of technology heavyweights, led by top global chip maker Intel Corp and cloud computing specialist VMware Inc, may give the battered U.S. tech sector a boost.
Asian stocks rose on Wednesday as strong results from chip maker Intel Corp prompted a rally in tech shares, while renewed strength in metals prices boosted materials companies and also lifted the commodity-linked Australian dollar.
Intel Corp forecast quarterly revenues well above Wall Street's estimates, defying fears the world's top chip maker is struggling to find its footing as personal computer sales growth wanes.
Global makers of products from motorcycles to mobile phones are finding it harder to get the parts they need after Japan's earthquake and tsunami wrecked supply chains, and investors worry that the worst is yet to come for earnings.
Intel Corp forecast quarterly revenues well above Wall Street's estimates, defying fears the world's top chip maker is struggling to find its footing as personal computer sales growth wanes.
Gleacher & Co. expects mobile chip maker Qualcomm to be a primary beneficiary in the 3G/4G growth and will remain the top supplier for integrated chips and extend its leadership position to LTE.
Oppenheimer lowered its profit estimates of Microsoft Corp. (NASDAQ:MSFT) citing a gloomy PC market.
Intel plans to open a new research and development site in Finland, starting with some 200 staff at a time when Finnish partner Nokia is to unveil large job cuts. A spokeswoman for the world's top semiconductor firm said the company has started hiring hardware and software engineers, but was yet to open the site.
Senators John McCain and John Kerry introduce a privacy bill that got mixed reactions from consumer watchdogs and major tech companies.