ADVFN - Advanced Financial Network.
HOME» NYSE » R » RAX Stock Price » RAX Stock News

Rackspace Hosting Share News

 Rackspace Hosting Stock Price
RAX Stock Price
 Rackspace Hosting Stock Chart
RAX Stock Chart
 Rackspace Hosting Stock News
RAX Stock News
 Rackspace Hosting Company Information
RAX Company Information
 Rackspace Hosting Stock Trades
RAX Stock Trades

MARKET SNAPSHOT: U.S. Stocks Gain As Americans Vote

By Kate Gibson U.S. stocks rose to six-month highs Tuesday as Americans voted in midterm elections, Oracle Corp. bought another technology company and investors anticipated further stimulus from the Federal Reserve. "We should have a clearer picture tomorrow morning of the political leadership of the House and the Senate, thus allowing those bodies to consider tax reform and a couple of other important issues during its lame- duck session and ahead of year-end," wrote Fred Dickson, chief investment strategist at Davidson Cos. The Dow Jones Industrial Average (DJI) gained 61.53 points, or 0.6%, to 11,186.15, with 24 of its 30 components rising. Gains were led by home-improvement retailer Home Depot Inc. (HD), whose shares rose 2.2%. The S&P 500 Index (SPX) climbed 6.73 points, or 0.6%, to 1,191.11. The Nasdaq Composite (RIXF) rose 16.86 points, or 0.7%, to 2,521.71. Stocks have largely tread water in recent days amid uncertainty over the outcome of midterm elections and over the scope of a second round of quantitative easing expected to be announced Wednesday by the Fed. Most analysts expect the GOP to take control of the U.S. House of Representatives and Democrats to retain control of the Senate, although without the super majority needed to bypass filibusters. "It's hard to know what could upset the apple cart this week, the Senate being close is one thing and the other is the magnitude of quantitative easing," said Art Hogan, chief market strategist at Jefferies & Co. Tuesday also brought revived M&A activity in the technology sector, with Oracle Corp. (ORCL) saying it would pay $1 billion to acquire Art Technology Group Inc. (ARTG) , which makes software used in online retail transactions. The ongoing M&A trend among tech companies makes sense, given "as a sector, tech has more cash on the balance sheet than any other," said Hogan. In a similar vein, Michael Dell, the chief executive officer at Dell Inc. (DELL) , said the computer maker would be announcing an acquisition in the cloud-computing markets. Dell's comments, made in Hong Kong, prompted speculation that helped boost shares of Rackspace Hosting Inc. (RAX) up 9.4%. For every stock falling nearly three gained on the New York Stock Exchange, where 307 million shares traded as of 11:30 a.m. Eastern.

Stock News for Rackspace Hosting (RAX)
DateTimeHeadline
09/17/201419:59:19TECH STOCKS: Adobe, Rackspace Losses Take Tech Spotlight
09/17/201419:58:21MARKET SNAPSHOT: U.S. Stocks Gain; Dow Closes At Record High
09/17/201419:52:40MARKET SNAPSHOT: U.S. Stocks Extend Gains On Fed Decision
09/17/201419:38:51MARKET SNAPSHOT: U.S. Stocks Rise Ahead Of Fed Statement
09/17/201419:33:21MARKET SNAPSHOT: U.S. Stocks: Futures Swing Higher After CPI
09/17/201418:21:30MARKET SNAPSHOT: U.S. Stocks: Futures Flat As Fed Day Arrives
09/17/201411:57:18MARKET SNAPSHOT: U.S. Stocks: Futures Flatten As Fed Day Arrives
09/16/201400:39:20TECH STOCKS: Tech Stocks Fall; Microsoft Among Decliners
08/19/201416:55:52TECH STOCKS: Google, Apple Gain Ground As Tech Stocks Rise
08/12/201416:47:33TECH STOCKS: Twitter Among Few Gainers In Weak Tech Session
08/12/201409:41:52U.S. Hot Stocks: Hot Stocks to Watch
07/02/201416:31:28MARKET SNAPSHOT: U.S. Stocks Edge Up To Records Again, But No...
07/02/201413:07:16MARKET SNAPSHOT: U.S. Stocks Edge Up After ADP As Dow Eyes 17,000
07/02/201408:50:41MARKET SNAPSHOT: U.S. Stocks: Futures Edge Up After ADP As Dow...
05/16/201416:34:16TECH STOCKS: Applied Materials, Rackspace Lead Tech Gains
05/16/201411:39:46TECH STOCKS: Applied Materials, Rackspace Are Notable Tech Gainers
05/13/201416:40:28MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500, Dow At Record
05/13/201416:34:32TECH STOCKS: Rackspace Gains Stand Out In Mixed Tech Session
05/13/201410:50:53TECH STOCKS: Rackspace, Apple Gain As Tech Stocks Rise
05/13/201410:42:12MARKET SNAPSHOT: U.S. Stocks Edge Higher; S&P 500, Dow At Record

Rackspace Hosting and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price 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