ADVFN - Advanced Financial Network.
HOME» NASDAQ » I » INTC Stock Price » INTC Stock News

Intel Share News

 Intel (mm) Stock Price
INTC Stock Price
 Intel (mm) Stock Chart
INTC Stock Chart
 Intel (mm) Stock News
INTC Stock News
 Intel (mm) Company Information
INTC Company Information
 Intel (mm) Stock Trades
INTC Stock Trades

TECH STOCKS: Nasdaq Back Under 3,000, LinkedIn Leaps

By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) -- Technology stocks were in broad retreat Friday as the Nasdaq Composite Index slipped back under 3,000 after U.S. stocks fell on weaker-than-expected job growth in April. The Nasdaq (RIXF) shed more than 2% to 2,959, as shares of major tech companies slid into the red. The last time the benchmark was below the 3,000 mark was April 24. Cisco Systems (CSCO) was down 3.5%, while Intel Corp. (INTC) shed 2%, as the two stocks became two of the worst performers on the Dow Jones Industrial Average. The Dow (DJI) was down 183 points. On the upside, shares of Micron (MU) also were up by 2.3% on media reports that the semiconductor company has apparently won the bidding for the failed Japanese memory chip maker Elpida. Shares of LinkedIn (LNKD) jumped 6% a day after the professional social networking reported a surge in earnings. "We are positive on LinkedIn's business and believe it will be difficult for competitors to challenge its leadership position," Needham analyst Kerry Rice said in a note. "The company's large addressable market is underpenetrated, in our view, and an improving economy should benefit LinkedIn's growth" But there were questions on how much the economy has improved after April's employment numbers came in below forecasts. Also in negative territory were shares of Apple Inc.(AAPL), which shed 2%, Oracle Corp.(ORCL), down 3% and Microsoft Corp.(MSFT), which traded down 2.6%. Shares of Dolby Laboratories (DLB) were up more than 17% after the company reported better-than-expected results for its second fiscal quarter.

Stock News for Intel (INTC)
DateTimeHeadline
02/23/201517:04:20U.S. Stocks Decline, Mirroring Oil's Resumed Drop

Intel and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad