Tag Archives: WDC

Friday’s Biggest Winners and Losers in the S&P 500

Source: ThinkstockMarch 23 2018: The S&P 500 closed down 2.1% at 2,588.20. The DJIA closed down 1.8% at 23,532.27. Separately, the Nasdaq was down 2.4% at 6,992.67.

Friday was again an absolute disaster for the broad U.S. markets. There didnt seem to be anything positive about Friday, with the exception of gold and oil rising. The Nasdaq was the biggest loser of the group, it lost over 2% on the day, dropping over 150 points just ahead of the close. The S&P 500 sectors were all negative. The most “positive sector” was energy down 0.6%. The worst performing sectors....More>>>

Micron Technology Q1 Earnings: The Chip Boom Continues

Large cap memory stockMicron Technology (NASDAQ: MU) reportedfiscal Q1 2018 earnings after the Tuesday market close with results beating expectationsbenefited from a chip boom fuelled by demand from personal computer, server and smartphone makers.

Revenues rose 71% to$6.80 billion and were also11% higher compared to the fourth quarter of 2017, reflecting increased demand for our mobile, server and SSD products. GAAP net income was $2.678 billion versus net income of $2.368 billion for Q4 2017 and net income of $180 million.Micron President and CEO Sanjay Mehrotra commented:

“Micron’s....More>>>