Federal authorities are investigating repeated intrusions into the computer network that runs the Nasdaq stock exchange, according to a Wall Street Journal report that cited people familiar with the matter.
The intrusions did not compromise the tech-heavy exchange's trading platform, which executes investors' trades, but it was unknown which other sections of the network were accessed, according to the report.
"So far, [the perpetrators] appear to have just been looking around," one person involved in the Nasdaq matter told the Journal.
The Secret Service reportedly initiated an investigation involving New York-based Nasdaq OMX Group last year, and … Read more
A decade ago, on March 10, 2000, it seemed almost difficult to find someone skeptical about the dazzling future of dot-com stocks.
An undeniably prescient strategist at Warburg Dillon Read, now part of UBS, told the New York Times that "I don't see the end in sight." The Los Angeles Times quoted a Banc of America Securities analyst as saying that, before "too long," the Nasdaq index would double.
It was exactly 10 years ago that the Nasdaq index reached its all-time peak of 5,048.62, and the tech-heavy index has never come close … Read more
Catfood Quote gives users a simple way to monitor their favorite stocks on their desktop. By allowing quotes to be easily entered and viewed, Catfood Quote is a simple program that will earn a lot of fans.
The program's interface was delightfully easy to manage and navigate. It embeds itself into the toolbar and provides intuitive areas to enter data and a simple way to read the results. Users will most likely not need to consult the Help file to operate this program. Checking stock quotes involves a few simple steps. Users simply choose the stock exchange they prefer … Read more
The Dow Jones Industrial Average soared 379.44 points to end the day up 5.80 percent at 6,926.49. And the Nasdaq climbed 89.64 points to close the session up 7 percent at 1,358.28.
Technology stocks also surged ahead, with the CNET Tech Index climbing 67.84 points to jump ahead by 7.35 percent to 990.66.
Within the tech sector, Adobe Systems jumped 10.37 percent to close … Read more
Red ink flowed throughout the broader markets Thursday following unsettling news that General Motors auditors are casting doubt on the company's ability to survive..
The Dow Jones Industrial Average closed down 281.40 points, or 4 percent, to 6,594.44, a low it hasn't seen since 1997.The Dow's decline has been rapid. Just four trading days ago it was in the 7,000 range. And just 13 trading days before that it was in the 8,000s, where it languished for months.
The Nasdaq closed down 54.15 points, or down 4 percent, to 1,… Read more
Updated at 7:45 a.m. PST with new stock prices and information on Dell's two largest investors.
Dell's stock acted like a bit of a contrarian against the broader markets for a second day Wednesday, after a peculiar rise of 8.5 percent the previous day on no news.
Dell closed at $9.15 a share on Tuesday, up 72 cents from the previous day, while the broader markets posted losses. Dell's share performance was rather peculiar, given that the company had issued no significant financial news and that the rumor mill was relatively quiet.
Investors, … Read more
Several young companies anticipate initial public offerings this week, but there's not a single high-tech outfit among them.
There's one green-tech company however. Changing World Technologies, a company that converts waste into oil, is one of four IPOs poised to hit Wall Street this week. Changing World is scheduled to price its IPO as early as Wednesday and could raise as much as $42 million, if it prices on the high end of its $11 to $15 per share range.
Nonetheless, while the four Wall Street prospects offer some excitement to their investors, there's little reason to … Read more
Shares of Dell and Qualcomm plunged by double digits Monday, as the Dow Jones Industrial Average went into a free-fall of nearly 700 points on news that the economy is officially in a recession.
The Dow closed down 679.95 points, or 7.7 percent, to end the day at 8,149.09, breaking a five-day run at posting gains.
Meanwhile, the tech-heavy Nasdaq fell further, declining 8.95 percent, or 137.50 points, to end at 1,398.07. And the CNET Tech Index dropped 7 percent to 1,014.20.
Despite reports that retailers fared better than expected … Read more
A wide swath of technology stocks posted double-digit gains Tuesday, as the broader markets surged to exceptionally high levels as investors anticipated an interest rate cut by the Federal Reserve.
Cisco Systems, Amazon.com, Dell, and Comcast were just some of the tech players whose shares crested above 10 percent gains at the market's close, as the Dow Jones Industrial Average jumped a whopping 889.35 points to 9,065.12, up 10.9 percent.
The tech-heavy Nasdaq rose 143.57 points, or 9.5 percent, to close at 1,649.47, while the S&P 500 soared … Read more