Technology

Chipmakers Dragging Tech Sector Lower

Chipmakers Dragging Tech Sector Lower

Technology stocks were weighing on the broader US markets, with the shares of tech companies in the S&P 500 sinking almost 0.9% this afternoon in value while the Philadelphia Semiconductor Index was falling nearly 2.8% after chipmaker Broadcom (AVGO) cut its FY19 revenue forecast below Street views. Among technology stocks moving on news: (-) Finisar (FNSR) was off nearly 2% […]

Stocks End Higher as Oil Futures Rise After Tanker Attacks in Gulf of Oman

Stocks End Higher as Oil Futures Rise After Tanker Attacks in Gulf of Oman

Stocks ended higher Thursday, led by gains in energy shares after the US blamed attacks on oil two tankers in the Gulf of Oman on Iran. “It is the assessment of the United States government that the Islamic Republic of Iran is responsible for the attacks that occurred in the Gulf of Oman today,” US Secretary of State Mike Pompeo […]