Stocks extended losses on the latest concerns about euro and statements by European Union finance ministers. Tech stocks started the week with losses, with Apple managing to eke out gains. Apple rose 0.31% after the media report that in recent weeks Apple executives have met with officials at several large media companies about bringing content to a future Apple television that would use wireless streaming technology for programming. Xilinx shed 1.92% after the co. lowered its current-quarter sales forecast. Oracle slid 2.04% in advance of the co.’s quarterly results, due after the close of trading on Tuesday. AT&T pulled back in the evening session after the company said it will drop its bid to purchase T-Mobile USA, and Red Hat Inc. reported a jump in quarterly earnings and sales, but the business-software maker’s shares were hit during the evening-trading session. In the evening trade AT&T was down 0.7% as the co.’s ending its bid to acquire T-Mobile USA after the deal was opposed by federal regulators. Red Hat reported slightly higher than expected earnings but tumbled 10%. Implied volatility inched lower on very light trading volumes.
Tuesday, December 20, 2011
Extended losses on concers over Europe
Stocks extended losses on the latest concerns about euro and statements by European Union finance ministers. Tech stocks started the week with losses, with Apple managing to eke out gains. Apple rose 0.31% after the media report that in recent weeks Apple executives have met with officials at several large media companies about bringing content to a future Apple television that would use wireless streaming technology for programming. Xilinx shed 1.92% after the co. lowered its current-quarter sales forecast. Oracle slid 2.04% in advance of the co.’s quarterly results, due after the close of trading on Tuesday. AT&T pulled back in the evening session after the company said it will drop its bid to purchase T-Mobile USA, and Red Hat Inc. reported a jump in quarterly earnings and sales, but the business-software maker’s shares were hit during the evening-trading session. In the evening trade AT&T was down 0.7% as the co.’s ending its bid to acquire T-Mobile USA after the deal was opposed by federal regulators. Red Hat reported slightly higher than expected earnings but tumbled 10%. Implied volatility inched lower on very light trading volumes.
