Tech Stocks Tumble After Chip Makers Warn
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US stocks fell on Thursday, hit by a sharp drop in technology shares following a slew of sales warnings from semiconductor makers, and as oil prices rose nearly $1 a barrel.
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NEW YORK - US tech stocks tumbled while blue chips slipped in extremely thin volume yesterday as security concerns surrounding the Republican National Convention here and worries about earnings kept investors on the sidelines.
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Shares of Advanced Micro Devices   fell more than 10 percent on Friday after the computer  chip maker forecast quarterly revenue below market expectations  amid a price battle with larger rival Intel Corp..
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Shares of chip maker Advanced Micro Devices Inc. plummeted more than 20 percent in Tuesday trading after the company warned that its fourth-quarter operating income will be "down significantly" from the third quarter.
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Asian stocks fell in US trading after Xilinx Inc. and Altera Corp., the largest makers of programmable computer chips, cut their sales forecasts.
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U.S. stocks fell on Friday after  Countrywide Financial Corp. became the latest mortgage lender  to warn of rising defaults, while chip maker Micron Technology  Inc.'s poor forecasts shook the tech sector.
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U.S. stock futures pointed to a lower  market open on Tuesday, after a batch of downbeat earnings  news, including a sales warning from chipmaker Advanced Micro  Devices Inc. AMD.N ahead of an update from sector bellwether  Intel Corp. INTC.O.
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U.S. stocks fell on Thursday, led by a  decline in the technology sector following a batch of sales  warnings from chip makers and a jump in oil prices to nearly  $43 a barrel.
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U.S. tech stocks fell on Monday as investors worried that Microsoft Corp.'s new Vista operating system may not be enough to sustain the recent rally in the company's share price.
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U.S. stocks slipped on Tuesday as disappointing results from tech bellwether Oracle Corp.  hurt the Nasdaq, and an unexpected quarterly loss from electronics retailer Circuit City  prompted fears about a weaker-than-expected holiday shopping season.
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Stocks declined on Tuesday, weighed down by losses in the technology sector after microchip maker National Semiconductor Corp.  cut its quarterly revenue forecast.
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U.S. stocks fell on Friday after Countrywide Financial Corp.  became the latest mortgage lender to warn of rising defaults, while chip maker Micron Technology Inc.'s poor forecasts shook the tech sector.
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Investors are expected to dump technology shares today in the wake of a financial update last night from bellwether Intel Corp. that one analyst called &quot;a disaster.
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Tokyo shares ended lower on Wednesday,  with chip-related stocks such as Tokyo Electron Ltd. tracking  losses in their U.S. peers after a brokerage downgrade for  computer maker Dell Inc.
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Technology stocks led Asian shares  lower on Tuesday as investors reacted to evidence that Japan's  recovery was slowing and analysts cited risks in the outlook  for tech bellwether Intel Corp.
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U.S. technology stocks fell in light  trading on Thursday after a brokerage cut its forecast for the  semiconductor industry, while blue chips were flat as a  continued drop in oil prices eased investor worries.
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Tokyo share prices fell steeply Friday, led by technology stocks after a disappointing report from US chip giant Intel. The US dollar was up against the Japanese yen.