Stocks closed mixed with the Dow industrials finishing slightly lower, but the S&P 500 and Nasdaq closed modestly higher supported by a jump in consumer confidence. Tech stocks closed mostly lower, with Computer Sciences among the bigger decliners after the co. warned it may write down $1.5 billion due to its failure to secure a contract with the U.K.’s National Health Service. Rambus fell 3.7% after rallying more than 12% on Friday in the wake of an announcement that it had reached a patent-licensing agreement with Broadcom. On the upside, Salesforce.com climbed 2.3% after JMP released an upbeat analyst note on the software-maker’s prospects. In the evening trade Cavium fell 6% after the co. issued weaker-than-expected earnings guidance. Implied volatility inched higher on the lightest trading volumes.
Wednesday, December 28, 2011
Closed mixed
Stocks closed mixed with the Dow industrials finishing slightly lower, but the S&P 500 and Nasdaq closed modestly higher supported by a jump in consumer confidence. Tech stocks closed mostly lower, with Computer Sciences among the bigger decliners after the co. warned it may write down $1.5 billion due to its failure to secure a contract with the U.K.’s National Health Service. Rambus fell 3.7% after rallying more than 12% on Friday in the wake of an announcement that it had reached a patent-licensing agreement with Broadcom. On the upside, Salesforce.com climbed 2.3% after JMP released an upbeat analyst note on the software-maker’s prospects. In the evening trade Cavium fell 6% after the co. issued weaker-than-expected earnings guidance. Implied volatility inched higher on the lightest trading volumes.
