Tuesday
Techs climb on Internet strength
Yahoo!, eBay help Nasdaq move higher; Microsoft's $30 billion buyback rocks after-hours trading.
Technology stocks charged ahead Tuesday, lifted by Internet stocks such as Yahoo! Inc. and online marketplace operator eBay Inc., which is due to issue its earnings after Wednesday's close.
The tech-laced Nasdaq Composite index rose 33.24 points, or 1.8 percent, to close at 1,917.07, while the Philadelphia Semiconductor index finished 10.21 points, or 2.5 percent, higher at 423.47.
But the big news that rocked after-hours trading Tuesday was Microsoft's plan to repurchase up to $30 billion of its stock. The software giant also said it would begin issuing a quarterly dividend of 8 cents per share and issue a one-time special payout of $3 a share to stockholders. more..
Technology stocks charged ahead Tuesday, lifted by Internet stocks such as Yahoo! Inc. and online marketplace operator eBay Inc., which is due to issue its earnings after Wednesday's close.
The tech-laced Nasdaq Composite index rose 33.24 points, or 1.8 percent, to close at 1,917.07, while the Philadelphia Semiconductor index finished 10.21 points, or 2.5 percent, higher at 423.47.
But the big news that rocked after-hours trading Tuesday was Microsoft's plan to repurchase up to $30 billion of its stock. The software giant also said it would begin issuing a quarterly dividend of 8 cents per share and issue a one-time special payout of $3 a share to stockholders. more..
Comments:
Post a Comment
