Stocks ended mostly flat, erasing earlier losses as commodities and energy stocks climbed higher. Also increased first-time jobless claims caugth investors by surprise. The gains in oil offset weakness in the banking and technology sectors. Intel, Hewlett-Packard, Dell and Microsoft declined on news of a weakening PC market. Nvidia and Texas Instruments outperform the sector and closed with gains, lifting the chip sector. In after-hours trade Google fell 5.5% after the company reported a 17% rise in earnings, but results missed analysts’ expectations. Implied volatility inched lower again.
Friday, April 15, 2011
Slipped on weak PC numbers
Stocks ended mostly flat, erasing earlier losses as commodities and energy stocks climbed higher. Also increased first-time jobless claims caugth investors by surprise. The gains in oil offset weakness in the banking and technology sectors. Intel, Hewlett-Packard, Dell and Microsoft declined on news of a weakening PC market. Nvidia and Texas Instruments outperform the sector and closed with gains, lifting the chip sector. In after-hours trade Google fell 5.5% after the company reported a 17% rise in earnings, but results missed analysts’ expectations. Implied volatility inched lower again.
