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TECH STOCKS: Apple, Juniper, AT&T Weigh On Tech Stocks

Apple Inc.'s quarterly results and forecast, as well as losses from Juniper Networks Inc. and AT&T Inc., weighed on tech stocks Wednesday, resulting in a mixed performance for the sector.Apple (AAPL) ended the day down by 67 cents a share, to close at $405.46, in the wake of the company's late-Tuesday earnings report. Apple reported its first year-over-year drop in earnings in a decade and said it would boost its stock dividend payment and buyback plans to a total of $100 billion by 2015.One of the issues of concern to Wall Street was Chief Executive Tim Cook's report of Apple's lower gross profit margins and a disappointing forecast for the company's current business quarter.Juniper Networks (JNPR) shares took a big hit, falling 9.6% to $15.69. On Tuesday, Juniper reported upbeat first-quarter results, but gave a second-quarter sales outlook that failed to exceed Wall Street analysts' forecasts.AT&T (T) also had a rough go of it, as the telecom giant's shares fell 5% to $37.02. AT&T, ...

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  1. TECH STOCKS: Apple Rises; Juniper, AT&T Weigh On Tech Stocks

    Mixed sentiment about Apple Inc.'s quarterly results and forecast, as well as losses from Juniper Networks Inc. and AT&T Inc., kept the tech sector from making much ...

  2. Market Wrap for Wednesday, April 24: Stocks Little Changed as Investors Focus on Earnings Season

    A day after a big stock market rally, the S&P 500 and the Nasdaq were unchanged on Tuesday while the Dow recorded a moderate loss as AT&T shares fell five percent on...

  3. Broadcom Profit, Outlook Beats Estimates

    Broadcom Corp. on Tuesday reported a first-quarter profit of $191 million, or 33 cents a share, comnpared with a profit of $88 million, or 15 cents a share, for the ...

  4. Broadcom 1st-Quarter Net Surges, Helped by Mobile Growth

    Broadcom Corp.'s (BRCM) first-quarter profit more than doubled as the chip maker continued to benefit from growth in the mobile market.Chief Executive Scott McGregor...

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    Apple Inc.'s (AAPL) shares fell below $400 for the first time in a year and a half Wednesday amid growing concerns among investors about the company's plans and sale...

  7. Chips Cut To Neutral By Barclays

    Semiconductor stocks were downgraded to neutral by Barclays Capital saying "the growth profile in semis is much lower than many expect." Barclays also cut the rating...

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