Dow

A few bright spots in tech stock gloom

Red ink flowed throughout the broader markets Thursday following unsettling news that General Motors auditors are casting doubt on the company's ability to survive..

The Dow Jones Industrial Average closed down 281.40 points, or 4 percent, to 6,594.44, a low it hasn't seen since 1997.

The Dow's decline has been rapid. Just four trading days ago it was in the 7,000 range. And just 13 trading days before that it was in the 8,000s, where it languished for months.

The Nasdaq closed down 54.15 points, or down 4 percent, to 1,… Read more

Dell shares dip, after peculiar 8.5 percent rise

Updated at 7:45 a.m. PST with new stock prices and information on Dell's two largest investors.

Dell's stock acted like a bit of a contrarian against the broader markets for a second day Wednesday, after a peculiar rise of 8.5 percent the previous day on no news.

Dell closed at $9.15 a share on Tuesday, up 72 cents from the previous day, while the broader markets posted losses. Dell's share performance was rather peculiar, given that the company had issued no significant financial news and that the rumor mill was relatively quiet.

Investors, … Read more

Dow Jones decline rate mimics Great Depression

With the Dow Jones Industrial Average falling below the psychological watermark of 7,000 on Monday, investors may be wondering how it all stacks up against the stock market crash of the Great Depression.

It's not looking good.

In the here and now, the Dow has dropped 52.5 percent since its high of 14,279.96 on Oct. 11, 2007, to its low point of 6,779.62 during intraday trading on Monday. (Update 1:16 p.m. PST: At Monday's close it was 6,763.29, a drop of nearly 300 points from the previous close.) … Read more

Markets tumble on recession news

Shares of Dell and Qualcomm plunged by double digits Monday, as the Dow Jones Industrial Average went into a free-fall of nearly 700 points on news that the economy is officially in a recession.

The Dow closed down 679.95 points, or 7.7 percent, to end the day at 8,149.09, breaking a five-day run at posting gains.

Meanwhile, the tech-heavy Nasdaq fell further, declining 8.95 percent, or 137.50 points, to end at 1,398.07. And the CNET Tech Index dropped 7 percent to 1,014.20.

Despite reports that retailers fared better than expected … Read more

Tech stocks ride high in anticipation of interest rate cut

A wide swath of technology stocks posted double-digit gains Tuesday, as the broader markets surged to exceptionally high levels as investors anticipated an interest rate cut by the Federal Reserve.

Cisco Systems, Amazon.com, Dell, and Comcast were just some of the tech players whose shares crested above 10 percent gains at the market's close, as the Dow Jones Industrial Average jumped a whopping 889.35 points to 9,065.12, up 10.9 percent.

The tech-heavy Nasdaq rose 143.57 points, or 9.5 percent, to close at 1,649.47, while the S&P 500 soared … Read more

Sun shares plummet; broader markets falter

Sun Microsystems shares plunged a whopping 17.5 percent on Tuesday, after the company warned that its first-quarter results would fall short of expectations.

Sun closed at $4.77 a share, down $1.01, marking the third time this month that its shares have ended the trading session below $5 a share.

But Sun wasn't the only tech stock bleeding red, as evidenced by the declines in the broader markets.

The Dow Jones Industrial Average closed at 9,033.66, down 231.77 points, or 2.5 percent. And the tech-heavy Nasdaq ended the day at 1,696.68, … Read more

Tech stocks give up some gains

Shares of Amazon.com sold off sharply Tuesday, and Apple failed to swim against the tide despite rolling out a revamped MacBook line, as the broader markets gave up gains from its stellar performance a day earlier.

Amazon fell 9.93 percent to end the day at $55.86 a share, with little news out on the company. Amazon, however, is set report its third-quarter results on October 22.

Apple, meanwhile, received little love from investors, after rolling out its new MacBook lineup. The computer maker's stock fell 5.6 percent to end the day at $104.08 a … Read more

Dow soars with Apple, Microsoft among double-digit gainers

This post was updated at 1:26 p.m. PDT with to reflect the market's closing numbers.

The beleaguered Dow Jones Industrial Index surged back up above 9,000 in its largest single-day point gain ever Monday, while Apple, Microsoft, Dell, and other tech companies captured double-digit gains.

After taking investors on a hellacious ride last week, Wall Street didn't disappoint expectations of a better week with the Dow soaring 936.42 points to close at 9,9387.61, after suffering eight consecutive days of losses from its previous post of 10,850.66 on September 30.

Investors … Read more

Apple, eBay stocks rise as Dow goes on wild ride

Apple and eBay were two notable stocks to swim against the tide Friday, staying in positive territory throughout the mid-morning through the market's close. Meanwhile investors watched the Dow Jones Industrial Average take one of its most harrowing rides ever.

As the Dow whiplashed investors with its swings that ranged more than 1,000 points during the day, Apple and eBay took investors on an upward path.

Apple closed up 9.08 percent from Thursday, ending the day at $96.80 a share. It gained most of its traction in the final hour of the trading session and was … Read more

Yahoo falls into $12 range, Dow enters 8,000 territory

Yahoo fell into the $12-a-share-range Thursday, marking the second consecutive day its stock tumbled to a new low.

The Internet company dipped as low as $12.47 a share during intraday trading, before ending the day at $12.65 a share--down just over 8 percent.

Each time Yahoo's stock drops into a new dollar range, analysts have noted that the border crossing serves as a psychological landmark for investors.

On Wednesday day, Yahoo crossed the $13-a-share threshold. Fear and loathing seem to have taken hold of its stock, with analysts panning the company's prospects in display advertising, given … Read more