Tech stocks were mostly down Thursday in a shortened trading session, with graphics chipmaker Nvidia(NVDA Quote) leading the fall after it cut its financial forecast for the current quarter.
Nvidia shares plunged $5.58, or 30.9%, to $12.45 after it cut its financial forecast for the current quarter, and said defects in certain graphics chips would result in at least $150 million in charges. Nvidia also said its gross margin would be lower than previously indicated. The announcement led two analysts, from Goldman Sachs and Citi Investment Research to cut their price target on the stock.
Shares of Yahoo!(YHOO Quote) were up for the second day following a Wall Street Journal report that Microsoft may be still interested in buying the company. Microsoft had offered $31 a share for Yahoo, which was rejected by the latter. Buyout negotiations between the two companies fizzled out last month. Yahoo! gained 46 cents, or 2.2%, to $21.34. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
Connect with TheStreet