U.S. stocks weakened on Tuesday as disappointing sales from Johnson & Johnson stirred jitters about the strength of earnings, snapping the S&P 500's six-day winning streak.
Intel reported what it called the strongest second-to-third-quarter growth in 30 years of business. However, compared to the same period a year ago, revenue and profits dropped
Intel reported what it called the strongest second-to-third-quarter growth in 30 years of business. However, compared to the same period a year ago, revenue and profits dropped.
Intel Corp reported higher-than-expected quarterly results and forecast revenue for the current quarter ahead of Wall Street targets on recovering demand for personal computers.
The Dow and S&P 500 fell on Tuesday after Johnson & Johnson reported disappointing third-quarter sales, while the Nasdaq edged up after Cisco Systems Inc announced a large acquisition.
Stocks traded mixed on Tuesday on the heels of a six-day streak of gains, after Johnson & Johnson's third-quarter sales disappointed investors and stirred doubts about the strength of the latest earnings season.
* U.S. stock index futures rose slightly on Tuesday as investors awaited earning reports from Johnson & Johnson (JNJ.N) and Intel Corp (INTC.O).
* U.S. stock index futures pointed to a slightly lower opening on Wall Street on Tuesday, with futures for the S&P 500 SPc1 down 0.13 percent, Dow Jones DJc1 futures down 0.11 percent and Nasdaq 100 NDc1 futures down 0.06 percent at 0830 GMT.
U.S. stock index futures pointed to a slightly lower opening on Wall Street on Tuesday, with futures for the S&P 500 down 0.13 percent, Dow Jones futures down 0.11 percent and Nasdaq 100 futures down 0.06 percent at 4.30 a.m. EDT.
Asian stocks rose to a 14-month high and the U.S. dollar steadied on Tuesday, with some investors taking bets that third-quarter U.S. corporate earnings, expected to shrink for the ninth quarter, will be good enough to keep a rally going.
Acer , the world's No.3 PC brand, said on Monday that it expected third quarter revenue to be up about 5 percent due to a rebound in tech demand as the global economy shows more signs of recovery.
U.S. stocks ended higher on Friday, extending the rally to a five-day gain, as investors anticipated positive news from next week's key earnings reports, while bullish broker comments boosted tech shares.
Stocks rose slightly on Friday, extending their four-day winning streak as investors anticipated some positive news out of next week's key earnings reports, while bullish broker comments gave a boost to tech shares.
The biggest risk for investors in technology, with stock prices up a whopping 55 percent this year, is they might be just a little too happy.
Stocks advanced modestly on Friday, as investors awaited a wave of key earnings reports scheduled for next week while bullish broker comments lifted tech stocks.
Intel Corp should handily beat forecasts when it kicks off a busy earnings season for the chip sector next week, but investors worry that corporate spending will not rebound until mid-2010.
Supercomputing, once the province of a select few, is fast becoming a key business tool, a trend Dell Inc (DELL.O) hopes to capitalize on.
Clare BaldwinIntel Corp rolled out a software developers' platform on Tuesday and stressed it will step up efforts to boost revenue from consumer electronics and other markets beyond its core, maturing personal computer business.
Clare BaldwinIntel Corp rolled out a software developers' platform on Tuesday and stressed it will step up efforts to boost revenue from consumer electronics and other markets beyond its core, maturing personal computer business.
Intel unveiled a new software platform to help usher in its vision of an electronic world where devices -- ranging from data servers to mobile handhelds -- will deploy familiar and easy to use interfaces , while expanding its reach to broader markets.
Intel Corp and the European Commission took divergent views on Monday of the Commission's release of the 517-page decision that underpins its 1.06 billion euro fine on the chip maker.
U.S. phone companies may be forced to open their wireless networks to rival Internet services like Skype and Google Voice under a proposal brought out by the top telecom regulator to safeguard so-called Internet neutrality.