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Sector roundup: Regional banks, chips



By AP
22 July 2008 @ 02:26 pm EST

Among the sector activity stories for Tuesday, July 22, from AP Financial News:

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Quotes
TXN 22.4 -1.09
SNDK 13.46 -0.67
AAPL 161.22 -5.74
AKS 40.48 -5.05

SYMBOL LOOKUP

NEW YORK (AP)--Shares of regional banks rose Tuesday afternoon despite four banks reporting declining second-quarter earnings or outright losses earlier in the day.

NEW YORK (AP)--Disappointing quarterly results from Texas Instruments Inc. and SanDisk Corp. sent both companies' shares plunging Tuesday to multiyear lows and dragged down chip stocks

NEW YORK (AP)--A disappointing forecast from iPhone maker Apple Inc. dragged shares of other handset makers lower Monday, even as a weak quarterly report from Texas Instruments Inc. weighed on the broader technology sector.

NEW YORK (AP)--Shares of steel makers fell Tuesday after AK Steel Holding Corp. issued a downbeat outlook for the quarter ending in September.

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 This material may not be published, broadcast, rewritten or redistributed.

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