Wednesday’s tough trading environment rocked Netflix (NFLX) and IBM (IBM) stocks a day after the companies’ fourth-quarter reports beat earnings estimates. Over the next seven days, other big-cap techs Verizon (VZ), SAP (SAP) and Apple (AAPL) are also set to give quarterly reports. The S&P 500 and Nasdaq pared steep, early losses Wednesday, following a rough trading day on Asian and European stock markets. Crude oil fell below $27 a barrel,
Wednesday’s tough trading environment rocked Netflix (NFLX) and IBM (IBM) stocks the morning after the companies’ fourth-quarter reports beat earnings estimates. Over the next seven days, other big-cap techs Verizon (VZ), SAP (SAP) and Apple (AAPL) are also set to give quarterly reports. The S&P 500 and Nasdaq pared steep, early losses Wednesday, following a rough trading day on Asian and European stock markets. Crude oil fell below $27 a barrel,
Cree (CREE) stock outmaneuvered Wall Street’s slump Wednesday after the LED lighting maker reported a 6-cent fiscal-second-quarter earnings beat. In early trading on the stock market today, Cree shares surged as much as 9% before settling to be up nearly 4.5% midday. Key rival Veeco (VECO), was up a fraction midday, outperforming the Nasdaq and Dow Jones industrial average which each fell more than 2.5%. For its fiscal Q2 ended Dec. 27, Cree