Paul Shread

Sales warnings from Adobe (NASDAQ: ADBE) and AMD (NYSE: AMD) weighed on the tech sector on Thursday, while the broader market fell on worries about the fate of U.S. automakers and Friday’s looming jobs report. Adobe lost 9% and AMD 5% on their warnings, which they attributed to the dramatic economic slowdown that began with […]

A warning from Research In Motion (NASDAQ: RIMM) and signs that the economy continues to weaken sent the stock market to steep early losses on Wednesday, but a glimmer of hope in the mortgage market was all it took for stocks to finish the day with a flourish. RIM shares rose 4.4% despite saying its […]

A report that Yahoo (NASDAQ: YHOO) may have a new suitor helped stock indexes recover more than a third of Monday’s plunge today. Yahoo shares jumped 7% on a Wall Street Journal report that former AOL CEO Jonathan Miller is trying to raise money to buy the company for around $20 to $22 a share, […]

Today’s action is certainly disappointing after the strides made by the bulls last week. About the only good news is that the recent rally seemed to be met with a lot of skepticism — at least there didn’t seem to be a whole lot of major bottom calls — so perhaps any work that must […]

The stock market’s best five-day rally in more than 75 years came to an abrupt end on Monday, as the major indexes gave back half those gains in the seventh worst day in market history. Leading the way lower was the chip sector (PHI: SOX), which tumbled after the Semiconductor Industry Association reported a 2.4% […]

Stocks fell in the early going Wednesday on a raft of dismal economic reports, but technology stocks led a strong rebound ahead of the start of what is expected to be a tough holiday shopping season. At the midpoint of the trading session, the Dow was up 75 points to 8554, the S&P gained 9 […]

Blue chip stocks extended their rally for a third day Tuesday on the government’s latest financial rescue efforts, but tech stocks were left behind on worries about HP (NYSE: HPQ) and Cisco (NASDAQ: CSCO). Cisco fell 6% on news that the company plans a five-day year-end shutdown to save money, while HP also lost 6% […]

A massive government rescue of Citigroup (NYSE: C) sent stocks soaring for a second day on Monday, while Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) led the tech sector higher ahead of the start of the holiday shopping season. The government’s rescue of Citi — the biggest U.S. financial company, with $2 trillion in assets […]

One heck of a rally the last two days, and why not? As the financial crisis has now claimed the biggest U.S. financial company by assets, it could certainly be argued that the news can’t get any worse. The indexes have now moved back into their October trading ranges, a nice reversal of last week’s […]

Stocks soared Friday as news of the next Treasury secretary leaked out, but Dell (NASDAQ: DELL) was left behind on a disappointing quarterly report. The major indexes soared more than 5% on reports that President-elect Barack Obama may choose New York Federal Reserve President Timothy Geithner as his Treasury secretary, sending a reassuring message of […]

EMC (NYSE: EMC) has announced upgrades to its backup product line to better protect virtual server environments and to capitalize on the fast-growing market for data de-duplication . The products getting an overhaul include EMC’s tools for analysis and reporting, data de-duplication and replication. EMC NetWorker, the company’s flagship backup and recovery software, gets support […]

The market gave up a very big trading range today on near-record volume, yet another breakdown in the most brutal bear market in 70 years. It now falls to the Dow (first chart below) to keep this market from hitting much lower levels. The Dow should have strong support between here and 7000, which would […]