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Sector roundup: Semiconductors, Internet



By AP
16 May 2008 @ 02:30 pm EST

Among the sector activity stories for Friday, May 16, from the AP Financial News:

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EBAY 16.73 0.77
ERTS 27.99 0.19

SYMBOL LOOKUP

NEW YORK (AP) -The chip sector fell Friday, hurt in part by a possible post-earthquake downturn in China.

NEW YORK (AP) -Shares of major Internet companies traded mostly lower Friday, with eBay Inc. dipping after an analyst said that a recent survey indicates the online auctioneer's conversion rates, or listings that result in sales, are down again.

NEW YORK (AP) -Electronic Arts Inc. led a decline in video game stocks Friday after April's retail sales numbers, though a big jump from a year ago, disappointed investors.

NEW YORK (AP) -Housing stocks drifted lower Friday after a poor consumer sentiment reading and record oil prices sent the broader market tumbling, and analysts said a report that new home construction rose in April may not be good news for the sector.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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