ADVFN - Advanced Financial Network.
HOME» NASDAQ » S » STX Stock Price » STX Stock News

Seagate Technology Share News

 Seagate Technology (mm) Stock Price
STX Stock Price
 Seagate Technology (mm) Stock Chart
STX Stock Chart
 Seagate Technology (mm) Stock News
STX Stock News
 Seagate Technology (mm) Company Information
STX Company Information
 Seagate Technology (mm) Stock Trades
STX Stock Trades

US Blue-Chip Stocks Notch First Drop Of 2012

--Stock bounce back from sharp declines, finish mixed --European markets broadly lower over concerns about banking sector --Better-than-expected reports on U.S. labor market lift investor spirits (Updates with additional details in the fourth paragraph and market movers in final four paragraphs.) By Steven Russolillo Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Blue-chip stocks bounced back from early declines and finished slightly lower, as investors weighed fresh worries over European banks against better-than-expected readings on the domestic labor market. The Dow Jones Industrial Average fell 2.72 points, or 0.02%, to 12415.70, after falling as much as 134 points at its intraday low. The blue-chip index notched its first decline of 2012 after jumping 1.6% during the first two trading days of the year. Boeing was the Dow's biggest decliner, falling 80 cents, or 1.1%, to $75.53. Bank of America pulled on the upside, gaining 50 cents, or 8.6%, to 6.31. The stock, which was the Dow's biggest laggard last year, has gained 13% the last three days. The Standard & Poor's 500-stock index rose 3.76 points, or 0.3%, to 1281.06, registering its highest close since Oct. 28. Financial stocks paced the S&P 500's gains. SunTrust Banks rose 1.00, or 5.4%, to 19.66. Morgan Stanley advanced 34 cents, or 2.1%, to 16.28. The technology-oriented Nasdaq Composite gained 21.50 points, or 0.8%, to 2669.86. In Europe, bank shares fell as fears over the ability of financial institutions to raise capital weighed on sentiment. The Stoxx Europe 600 dropped 0.9%, with bank stocks among the biggest decliners. Italy's largest bank by assets, UniCredit, slid for a second day after announcing a bigger-than-expected discount on a rights offering to raise $9.8 billion to meet new European capital requirements. The move could set the tone for how pricey such moves could be for other lenders. UniCredit dropped 17%. "[Thursday] morning felt like 2011 all over again," said Michael Shea, managing partner at Direct Access Partners. "There was lukewarm demand for French bonds. UniCredit was getting smacked around. It's not like these things have been resolved, but after Europe closed this market caught a bid. We wouldn't be surprised to see a short-term pop continue from here." Meanwhile, the euro fell below $1.28 for the first time since September 2010 amid concerns about the region's sovereign-debt crisis. The euro's drop coincided with a report showing 325,000 new private-sector jobs in the U.S. were created in December, way ahead of the 175,000 amount economists had expected. This was the biggest monthly rise for Automatic Data Processing's monthly hiring report since December 2010. In a separate reading, jobless claims tumbled by 15,000 to a seasonally adjusted 372,000 in the week ended Dec. 31, according to the Labor Department. This marks the eighth time in the past nine weeks that new claims have come in below 400,000, a level that economists generally say signals more jobs are being added than shed. Both reports were released ahead of Friday's nonfarm payroll data for December. "You can hardly say the labor market is healthy, but it's clearly on the path of a slow heal," says Ron Florance, managing director of investment strategy for Wells Fargo Private Bank. "A healthy labor market is the foundation of our economic system. You can't have meaningful economic recovery and growth without the labor market. We're a long way from full employment, but we're moving in the right direction." Additionally, a reading on the U.S. service sector showed activity rose in December at a pace similar to the prior month. Asian bourses fell, with China's Shanghai Composite sliding 1% to close at the lowest level since March 2009, and Japan's Nikkei Stock Average shedding 0.8%. Gold futures settled at a three-week high, up 0.5% to $1,619.40 a troy ounce. Crude-oil prices slumped 1.4% to $101.81 a barrel. In corporate news, retail sales results for December were mixed, as unseasonably warm weather hurt margins in cold-weather categories. A number of retailers, including Target, J.C. Penney and Kohl's, lowered their earnings outlooks following disappointing holiday season sales, which pressured consumer stocks. Target dropped 1.49, or 3%, to 48.51. J.C. Penney fell 94 cents, or 2.7%, to 33.97, and Kohl's declined 84 cents, or 1.8%, to 46.52. Children's Place Retail Stores tumbled 3.49, or 6.6%, to 49.58, after the children's apparel retailer lowered its fiscal fourth-quarter earnings outlook, citing aggressive markdowns and high apparel costs. Zumiez climbed 4.62, or 18%, to 30.95, after the sporting goods retailer raised its fiscal fourth-quarter earnings outlook, citing better-than-planned holiday sales and product margin. Eastman Kodak is preparing to seek bankruptcy protection in the coming weeks, according to a report in The Wall Street Journal. Shares slid 5 cents, or 11%, to 42 cents. Monsanto gained 4.01, or 5.5%, to 76.68, after the agriculture products company reported better-than-expected fiscal first-quarter results. South American demand for the company's corn seed continued to increase. The company indicated its full-year results would be at the high end of projections. Seagate Technology gained 1.08, or 6.4%, to 17.90. The disk-drive maker lifted its revenue outlook for its fiscal second and third quarters as the impact from Thailand flooding wasn't as bad as expected. Eli Lilly dropped 41 cents, or 1%, to 40.30. The drug maker indicated its 2012 earnings and revenue expectations would fall short of targets, as Zyprexa patent expiration and pipeline investments weigh on results. -By Steven Russolillo, Dow Jones Newswires; 212-416-2180; steven.russolillo@dowjones.com

Stock News for Seagate Technology (STX)
DateTimeHeadline
03/20/201417:35:31Seagate CEO Steps Down From Microsoft Board
01/28/201417:17:33MARKET SNAPSHOT: U.S. Stocks Rise; Dow Breaks 5-day Skid
01/28/201416:58:17TECH STOCKS: Apple Gives Worst Performance In A Year
01/28/201412:46:55TECH STOCKS: Slide In Apple Shares Is Steepest In A Year
01/28/201412:18:01MARKET SNAPSHOT: U.S. Stocks Pare Gains; Apple Pressures Nasdaq
01/28/201412:09:15TECH STOCKS: No Reprieve For Apple In Wake Of IPhone Weakness
01/28/201410:42:06MARKET SNAPSHOT: U.S. Stocks Up After Confidence, Upbeat Earnings
01/28/201410:09:35MARKET SNAPSHOT: U.S. Stocks Edge Higher; Apple Weighs On Nasdaq
01/28/201409:50:34U.S. Hot Stocks: Hot Stocks to Watch
01/09/201417:18:16TECH STOCKS: Angie's List A Rare Gainer Among Weak Tech Stocks
01/02/201409:04:12U.S. Hot Stock Futures: Hot Stocks to Watch
11/15/201308:53:19D. E. Shaw & Co. LP 3Q 13F: Largest Eliminations
11/15/201308:53:15D. E. Shaw & Co. LP 3Q 13F: Largest Purchases
11/15/201308:53:15D. E. Shaw & Co. LP 3Q 13F: Largest Sales
11/15/201308:53:15D. E. Shaw & Co. LP 3Q 13F: Largest Eliminations -2-
11/15/201308:12:57Fidelity Management & Research Co. 3Q 13F: -2-
11/15/201308:12:57Fidelity Management & Research Co. 3Q 13F: Holdings As Of Sep...
11/15/201307:11:08AQR Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:11:08AQR Capital Management 3Q 13F: Holdings As Of Sep -2-
11/15/201307:10:27AQR Capital Management 3Q 13F: Largest Purchases -2-

Seagate Technology 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