Paul Shread

An eBay downgrade and credit market worries couldn’t keep the tech sector down on Thursday, as the Nasdaq battled back from steep early losses to end the day with modest gains. Subprime mortgage and credit market worries continued to hit the financial sector, with Washington Mutual, Bank of America and E*Trade all down sharply on […]

Tech stocks outperformed their blue-chip counterparts Wednesday on better than expected results from Intel and Yahoo, and eBay kept the party going after the close. eBay shares were already up 5% on news of a deal between Skype and MySpace, then added another 5% after the close when the company reported quarterly results that blew […]

Microsoft is adding new features to its Data Protection Manager offering, including improved snapshot and recovery capabilities and better support for Microsoft applications and platforms. Microsoft announced the release to manufacturing of System Center Data Protection Manager 2007 at Storage Networking World in Dallas today. Version 2 of DPM has already been tested by thousands […]

Stocks fell Monday after Citigroup said mortgage market troubles are continuing and joined with JP Morgan Chase and Bank of America in a Treasury Department-organized $80 billion bailout of the credit market. The news raised fears that the crisis isn’t over, sending investors running for cover a day before some big earnings reports. Tech sector […]

Oracle’s hostile takeover bid for BEA Systems sent the Nasdaq surging Friday and helped the market erase almost all of Thursday’s losses. BEA shares soared 38% to $18.82 — 10% above Oracle’s offer and a sign that investors expect BEA to sell for more than Oracle’s initial offer. Also gaining on the news was Tibco […]

October may not have produced much in the way of sell-offs over the last several years, but the month still has traders on edge, as today showed. It’s not clear if today marked the start of a bigger pullback, but with sentiment getting a little frothy and the calendar favoring the bears, caution seems like […]

Stocks reversed sharply lower Thursday afternoon after spending much of the day in record territory. Some attributed the sudden decline, which began around 2 P.M. Eastern Time, to hawkish comments on interest rates by a European Central Bank official, while others cited a JP Morgan research note on Baidu.com that said the Chinese search leader’s […]

Google’s meteoric rise took a historic turn Tuesday when it replaced Johnson & Johnson as the 10th most highly valued company in the U.S. just three years after going public. Google’s shares ended the day at $615.19, giving it a market capitalization of $192.02 billion, about $260 million more than J&J. And if analysts are […]

Blue chip stocks traded down Monday ahead of the start of quarterly earnings reports, but the Nasdaq ended the day in the green after Google crossed $600 a share for the first time. Alcoa and GE will start the quarterly reporting period for the Dow this week, but technology and Internet investors will have to […]

The bulls just keep running here, pushing one index after another to new or multi-year highs. We’re in a seasonally weak period for the next three weeks, so some kind of pullback could materialize soon, but Oct. 30 begins the strongest period of the year, so if the S&P 500 is going to clear its […]

Stocks went nowhere on light volume Thursday, as traders braced for Friday’s all-important monthly jobs report. Stocks were battered a month ago after an unexpected decline in August employment, but soared two weeks later after the Federal Reserve cut interest rates more than expected, in part because of the weak jobs report. But if investors […]

A disappointing earnings report from Micron Technology and an analyst’s warning about the health of the chip sector sent stocks skidding on Wednesday. Micron fell 9% on pricing concerns and a lowered earnings outlook, and Intel lost 2.2% after Morgan Stanley said chip shipments are outpacing PC shipments, raising fears of another inventory glut. Nvidia […]