A shortage of high-end computer chips from Intel (INTC) is being felt in other parts of the tech sector. The question is how far it might spread. This was apparent late Thursday, when memory chip maker Micron Technology (MU) issued a disappointing forecast with its fiscal fourth-quarter report.
* Technology sector top boost to S&P, chipmakers gain. * Under Armour (UAA) climbs after cutting global workforce. * GE falls after disclosing issues with its gas turbines. * Indexes up: Dow 0.89 pct, S&P 0.66 pct, Nasdaq 0.82 pct. By Shreyashi Sanyal.
Critical information for the U.S. trading day. With cryptocurrencies and cannabis supplying the biggest buzz on the markets this year, what's happening with the big tech companies may have been missed by some investors. Enter our call of the day from Tony Greer, founder of TG Macro, who has a bearish message for the Twitter and Facebook faithful, and for a sector that has definitely had its ebbs and flows.
Mercury Systems, Inc. (MRCY), announced the first volume production shipment of BuiltSECURE high density double data rate fourth-generation synchronous dynamic random-access memory to a leading defense prime contractor.
Robin, the industrys first hyper-converged Kubernetes platform that brings a self-service App-store experience and increased efficiency to Big Data, Databases and AI/ML, today announced that it has been named by Database Trends and Applications as one of the 50 leading companies to drive innovation in data.
* Futures up: Dow 0.23 pct, S&P 0.21 pct, Nasdaq 0.29 pct. U.S. stock exchange futures were higher on Tuesday, helped by a rise in oil prices and concessions that analysts said made the latest round of trade tariffs on China less damaging than initially feared. New York markets fell in late trade on Monday after President Donald Trump announced charges on another $200 billion of Chinese goods.
U.S. technology and consumer discretionary stocks have been insulated from global trade tensions, but if another round of U.S. tariffs on Chinese goods goes into effect, even those high-flying sectors could come down to earth. The United States and China have already imposed tariffs on $50 billion worth of each other's goods.
U.S. technology and consumer discretionary stocks have been insulated from global trade tensions, but if another round of U.S. tariffs on Chinese goods goes into effect, even those high-flying sectors could come down to earth. The United States and China have already imposed tariffs on $50 billion worth of each other's goods.
U.S. technology and consumer discretionary stocks have been insulated from global trade tensions, but if another round of U.S. tariffs on Chinese goods goes into effect, even those high-flying sectors could come down to earth. The United States and China have already imposed tariffs on $50 billion worth of each other's goods.
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