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By Staff Reporters
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Intel last month reported its largest quarterly loss in company history amid a slump in personal computer sales. First-quarter net loss was $2.8 billion and revenue was down 36% year-over-year. Despite the loss, the company paid out $1.5 billion in dividends.
Here is where the major indexes ended up:
- The S&P 500® Index was down 18.95 points (0.5%) 4119.17; the Dow Jones industrial average was down 56.88 (0.2%) at 33,561.81; the NASDAQ Composite was down 77.36 (0.6%) at 12,179.55.
- The 10-year Treasury yield was up about 1 basis point at 3.53%.
- CBOE’s Volatility Index was up 0.66 at 17.64.
Semiconductor stocks and other technology shares were among the weakest performers Tuesday, with materials and health care also slightly lower.
Energy companies including oil field services providers were among the strongest, as WTI crude oil futures rose for a fourth consecutive day to their highest level since May 1st.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Information Technology, Investing | Tagged: CBOE, DJIA, DOW, Intel, layoff, layoffs, NASDAQ, oil, S&P 500, Treasury yields, VIX, WTI |
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