The iShares North American Tech Software ETF ( IGV ) is seeing unusually high volume in afternoon trading Friday, with over 973,000 shares traded versus three month average volume of about 147,000. Shares of IGV were off about 0.7%
Amazon.com Inc. ( AMZN ) recently acquired a cloud based digital comic bookstore, comiXology. However, the financial details were not made public. The acquisition is likely to close in the second quarter of 2014. comiXology will preserve
The Dow experienced an extremely volatile week due to the erratic behavior of momentum stocks. An important pharma component dragged down the index on Monday following confusion over trial results. The blue chip index moved up