Stocks ended little changed, as investors weighed hawkish meeting minutes from the Federal Reserve. Meanwhile the tech sector advanced on a rally in chip shares and an index rebalancing that should favor Microsoft and Cisco and trim the influence of Apple. Tech stocks rallied after announcement that Texas Instruments to buy National Semiconductor for $6.5 billion. Google was the worst off, losing 3.2%, after report that the co. could be subject to a U.S. Federal Trade Commission antitrust investigation. Implied volatility inched lower.
Wednesday, April 6, 2011
Ended flat
Stocks ended little changed, as investors weighed hawkish meeting minutes from the Federal Reserve. Meanwhile the tech sector advanced on a rally in chip shares and an index rebalancing that should favor Microsoft and Cisco and trim the influence of Apple. Tech stocks rallied after announcement that Texas Instruments to buy National Semiconductor for $6.5 billion. Google was the worst off, losing 3.2%, after report that the co. could be subject to a U.S. Federal Trade Commission antitrust investigation. Implied volatility inched lower.
