Tag Archives: Mixed

Stocks mixed as Intel outlook chills techs

Stocks mixed as Intel outlook chills techs

Stocks retreated Friday following a gloomy outlook from Intel and as investors parsed a key inflation reading seen as influential in the timing of an interest rate cut. The S&P 500 (^GSPC) rose above the flatline after a winning Thursday saw the benchmark close at another record high. The Dow Jones Industrial Average (^DJI) edged up 0.2% or about 80 points, while the tech-heavy Nasdaq Composite (^IXIC) sank 0.1% Techs led the way lower after Intel’s (INTC) first quarter outlook fell well short… Source link

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Samsung, Google and Qualcomm are making a mixed reality platform • TechCrunch

Samsung, Google and Qualcomm are making a mixed reality platform • TechCrunch

Samsung, Google and Qualcomm are joining hands to make a mixed-reality platform. Executives from the companies, namely Samsung’s TM Roh, Qualcomm’s Cristiano Amon, and Google’s Hiroshi Lockheimer came on stage at the Samsung Galaxy Unpacked event to make this announcement. These companies only announced the partnership — they had no future device or hardware product to show. “We are working to create a new era of highly immersive digital experiences that… Source link

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Stocks mixed following latest Fed rate hike

Stocks mixed following latest Fed rate hike

U.S. stocks were higher Wednesday afternoon after Fed Chair Jerome Powell said in a press conference on Wednesday signs of disinflation are building in the economy, which investors took as a sign the central bank could be close to ending its rate-hiking campaign. Tech stocks were leading the charge higher on Wednesday following Powell’s comments, with the technology-heavy Nasdaq Composite (^IXIC) rising as much as 2%. Meanwhile, the S&P 500 (^GSPC) was higher by 1.2% while the Dow Jones… Source link

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