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.
Intel Corp. has announced that its tablet specific Atom Z670 processor which brings in improved battery performance and enhanced video capabilities is now available.
AMD is hiring Android driver development engineers, a move that reflects the chipmaker's big push in to the tablet and smartphone space with the help of Android.
Intel Corp introduced a processor for tablet computers to stake out territory in the exploding mobile market dominated by Britain's ARM Holdings.
It is important that the United States begin to live within its means and address the federal deficit. But the American Physical Society (APS) believes that as a nation we need to be smart about how we do it. Cutting spending across the board without a clear understanding of what it means for America's future jeopardizes the very future we want to secure for our children.
The top pre-market NASDAQ Stock Market gainers are: Conns, Expedia, Curis, Seagate Technology, and NXP Semiconductors. The top pre-market NASDAQ Stock Market losers are: Hercules Offshore, Idenix Pharmaceuticals, Sangamo Biosciences, Qiao Xing Universal Resources, and Costco Wholesale.
Oppenheimer has upgraded shares of Broadcom to outperform from perform citing strong growth profile, management's stated efforts to pursue profitable growth, a more disciplined operating expense and compensation strategy.
The jury at Galleon Group hedge fund founder Raj Rajaratnam's insider trading trial will not hear evidence of videotapes, fax and phone records from 1998 linking him to a former Intel Corp employee, the judge ruled on Tuesday.
Texas Instruments' major deal for National Semiconductor has drawn criticism and praise.
