Red Hat stock price, RHT

Red Hat stock chart:



Red Hat close price: 88.25

Stock price forecast:

UP TO +0.35%
Target: 88.56

Total forecasts: 83
Reached: 7 (8.43%)

Total Win: 2.11 (2.39%)

DaysForecastsReached%Reached points%InvestedUnreached%Total%
908478.33%2.110.03%6,738.80-56.45-0.84%-54.34-0.74%
303100.00%0.000.00%2,735.750.000.00%0.000.00%
141500.00%0.000.00%1,323.750.000.00%0.000.00%
7800.00%0.000.00%706.000.000.00%0.000.00%

Showing 1-10 of 597 items.
Date of ForecastStock PriceTarget PriceForecast Reached Date
2017-06-2688.2588.560000-00-00
2017-06-2588.2588.650000-00-00
2017-06-2488.2588.620000-00-00
2017-06-2388.2588.610000-00-00
2017-06-2288.2588.280000-00-00
2017-06-2188.2588.320000-00-00
2017-06-2088.2588.270000-00-00
2017-06-1988.2588.160000-00-00
2017-06-1888.2588.540000-00-00
2017-06-1788.2588.840000-00-00

Red Hat latest news:


  • 06/23/2017 14:58:48

    Greece credit rating upgraded at Moody's, outlook revised to stable

    Greece's sovereign bond rating was upgraded one notch to Caa2 from Caa3 at Moody's Investors Service, citing the release of a EUR8.5 billion tranche under the country's adjustment program allowing the repayment of debt, improved fiscal prospects and tentative signs of a stabilizing economy. The outlook was revised to positive, which implies another upgrade is likely, from stable. The sovereign bond rating is still 8 notches below investment grade. The short-term debt rating was affirmed at not prime. "Beyond the near-term impact of allowing Greece to repay upcoming maturities, we consider the conclusion of the review to be a positive signal regarding the future path of the programme, as it required the Greek government to legislate a number of important reform measures," Moody's said in a research note. "The decision to assign a positive outlook to the Caa2 rating reflects Moody's view that the prospects for a successful conclusion of Greece's third adjustment programme have improved, which in turn raises the likelihood of further debt relief." Greece's Athex Composite Share Price Index has rallied 27.5% year to date, while the S&P 500 has gained 8.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/22/2017 14:05:02

    Dow, S&P 500 book 3rd straight loss, even as oil and health care rally

    The Dow industrials and the S&P 500 on Thursday logged their third straight finish in the red, despite crude-oil prices gaining after a recent sell-off, and as health-care stocks lured buyers. Still, sharp gains in the health-care sector wasn't enough for the Dow Jones Industrial Average and the S&P 500 index to halt a recent downtrend. The Dow closed little changed but enough for the index to end off 0.1% lower at 21,397, the S&P 500 index [: SPX] closed down, 1 point, or less than 0.1%, at 2,434, while the Nasdaq Composite Index logged a slight gain of less than 0.1% at 6,236. Health-care was the start of the day's action, with the sector, as measured by the exchange-traded Health Care Select Sector SPDR ETF on pace to book its best weekly gain, up 9.3%, since the period ended Nov. 11. A popular biotechnology ETF, the iShares Nasdaq Biotechnology ETF , also was on track for its best weekly gain since November. Those moves came as lawmakers released a draft of the GOP-led, health-care bill that is aimed at repealing and replacing Obamacare. Among companies, health-care names Johnson & Johnson and Merck & Co. Inc. [: MRK] were among the best performers among blue chips. Looking ahead, the Federal Reserve's test of the banking sectors financial health will be released after the close, which could influence trade for banks including Goldman Sachs Group , and J.P. Morgan Chase & Co. .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/22/2017 11:26:50

    GOP health bill boosts hospital, health insurer and drug stocks

    Hospital system stocks rallied as much as 8% on Thursday following the release of the Senate GOP health bill, which appears to be more favorable to hospitals than the House of Representatives bill passed in early May. Tenet Healthcare Corporation shares jumped 8%, Community Health Systems Inc. shares skyrocketed 8.2%, HCA Healthcare Inc. shares rose 3.6% and Universal Health Services Inc. shares lifted 2.6% in midday trade, compared with a 1.6% rise in the Health Care Select Sector SPDR . Health insurer stocks also rose Tuesday, with UnitedHealth Group shares up 1.4%, Aetna Inc. stock rising 1.1%, Humana Inc. shares lifting 1.3% and Anthem Inc. shares up 0.9%, compared with a 0.2% rise in the S&P 500 . The Senate health bill "tries to phase in the pain" of changes to the Affordable Care Act like Medicaid spending cuts, said Spencer Perlman, director of health-care research at Veda Partners, who described the Senate plan as having "the same architecture" but "nicer furnishings." Still, the benefit for hospitals is only in the short-term and thus probably overdone, he said. "Clearly, the Senate bill is viewed as less disruptive than the House bill to the number of people currently receiving insurance," said Stephanie Miller, senior analyst at Height Securities. But "the initial reaction may have oversimplified how different this bill is," she said, predicting that stocks that have risen on the news may be "rebalancing" in the coming days. Drug stocks also rose in Tuesday trade, with the SPDR S&P Pharmaceutical ETF rising 1.7% and the SPDR S&P Biotech ETF rising 1.6%, which could be happening because the health bill has given investors confidence in Republicans achieving another legislative priority, tax reform, Miller said. Shares of the Health Care Select Sector SPDR have risen 8.7% over the last three months, compared with a 3.9% rise in the S&P 500 . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/22/2017 06:49:11

    Barnes & Noble's stock rallies after results beat expectations

    Shares of Barnes & Noble Inc. ran up 3.1% in premarket trade Thursday, after the bookseller reported a narrower-than-expected fiscal fourth-quarter loss and sales that beat expectations. The net loss for the quarter to April 29 was $13.4 million, or 19 cents a share, compared with a loss of $30.6 million, or 42 cents a share, in the same period a year ago. The FactSet consensus for losses per share was 23 cents. Revenue fell to $821.2 million from $876.7 million, but was above the FactSet consensus of $783 million. Same-store sales fell 6.3% from a year ago, while online sales increased 2.9%. For fiscal 2018, the company expects same-store sales to decline in the "low single digits" percentage range, an improvement from the fiscal 2017 decline of 6.3%. "In fiscal 2018, we are focusing on ways to improve the business and reignite sales through an aggressive test and learn process and companywide simplification process that will take out costs," said Chief Executive Demos Parneros. The stock had plunged 42% year to date through Wednesday, while the SPDR S&P Retail ETF has lost 12% and the S&P 500 has gained 8.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/21/2017 19:26:02

    Silicon Valley Investors Flexed Their Muscles in Uber Fight

    Start-up financiers have deferred boardroom control to founders in recent years. Travis Kalanick’s ouster indicates that could be changing.

  • 06/20/2017 23:50:58

    Uber CEO Travis Kalanick ousted after pressure by big investors: NYT

    Travis Kalanick, who co-founded ride-sharing service Uber, has stepped down from his post as chief executive officer, The New York Times reported on Wednesday, citing sources. His exit came Tuesday after five of the company's big investors, which includes venture capital group Benchmark, had a letter delivered to Kalanick while he was in Chicago, demanding his resignation. The letter, obtained by The New York Times, stated that the company needs a new leader and after hours of talks, Kalanick agreed. "I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted by another fight," Kalanick said in a statement, according to the Times. A spokesperson for Uber could not immediately be reached for comment.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/20/2017 20:49:20

    Tesla replaces head of Autopilot software after six months

    Tesla Inc. has parted ways with Autopilot software chief Chris Lattner after just six months. Tesla had lured Lattner from Apple Inc. in January. In a tweet Tuesday night, Lattner said: "Turns out that Tesla isn't a good fit for me after all. I'm interested to hear about interesting roles for a seasoned engineering leader!" Lattner's position will be filled by Jim Keller, who will add software to his current role as chief of Tesla's hardware division, and new hire Andrej Karpathy, who will be head of artificial intelligence and Autopilot Vision, according to a report by TechCrunch. Karpathy is a veteran of Alphabet Inc.'s Google, with expertise in deep learning.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/20/2017 17:19:51

    Exelixis's Cabometyx Positive for First-Line Kidney Cancer

    Exelixis Inc EXEL announced results from an analysis of the data from the phase II trial CABOSUN The study compared Cabometyx to Pfizer s PFE Sutent in the first line treatment of intermediate or poor risk advanced renal cell carcinoma RCC patients We note that Cabometyx tablets

  • 06/20/2017 16:16:55

    Cypress investors elect former CEO's board nominees after activist fight

    Cypress Semiconductor Corp. investors voted for two board nominees put forth by the company's former chief executive Tuesday, according to preliminary results, booting one director and replacing a chairman who resigned during an activist battle that led to a public fight between Cypress and its founder. Preliminary tabulations showed that J. Daniel McCranie and Camillo Martino were elected to the board with 148 million votes, while Eric Benhamou received about 60 million votes and will not return as a director, according to a statement from CypressFirst, a group formed by founder and former CEO T.J. Rodgers. Rodgers began an activist campaign after former Cypress Chairman Ray Bingham partnered with Chinese investors in a fund that agreed to acquire a Silicon Valley chip firm, Lattice Semiconductor Corp. . Bingham stepped down last week, but the campaign to oust Benhamou against Cypress's wishes continued. Cypress, which confirmed the preliminary voting results in its own release, had said that the entire campaign was Rodgers's attempt to force his way back into the company, but Rodgers sounded a different note in the CypressFirst announcement. "We are grateful to Cypress stockholders for their support of our two candidates," the Cypress CEO for 34 years said. "I can now get back full-time to my work on innovative technologies for the IoT and in alternative energy and let the Cypress directors do their work." Cypress stock fell 0.6% to $13.23 in Tuesday's regular session, but bounced back slightly in after-hours trading.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/20/2017 14:56:27

    BRIEF-Red Hat Q1 adjusted non-GAAP earnings per share $0.56

    * Sees fy 2018 non-gaap earnings per share about $2.66 to $2.70

  • 06/20/2017 14:29:01

    How Red Hat Won Big on Earnings


  • 06/20/2017 12:37:30

    AMD's stock surges to within a penny of erasing losses during recent 'tech wreck'

    Shares of Advanced Micro Devices Inc. shot up 8% in active trade Tuesday, to come within a penny of erasing all the losses suffered during the so-called "tech wreck" that started on June 9, ahead of the expected release of the company's new server CPU, Epyc, later this afternoon. Volume jumped to 85.6 million shares, above the full-day average of 74.6 million shares. On June 9, when the broad and selloff in the technology sector began in midday trade, AMD's stock had erased an intraday rally of as much as 3.9% to close down 4.8%. It tumbled a total of 11% through June 16 before starting its recovery this week. "Feedback from data center partners regarding AMD's latest data center Zen-based chip, Epyc, has been positive," said Pacific Crest analyst Michael McConnell. He said Epyc is likely to "fill the void" in the marketplace as a second source to Intel Corp. . AMD's stock has rallied 14% year to date, while Intel shares have slipped 3.5% and the S&P 500 has gained 9.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/20/2017 11:44:29

    Apparel retailer stock dive as Amazon's new Prime Wardrobe strikes fear in investors

    Shares of apparel retailers took a dive Tuesday, after Amazon.com Inc. appeared to take aim with the launch of its new Prime Wardrobe service, which allows users to try on multiple items at a time at home and receive a discount on items that are kept. Shares of Ascena Retail Group Inc.'s , the parent of apparel retailers including AnnTaylor, Charming Shoppes and The Dress Barn, tumbled 7.8%. Elsewhere, shares of Gap Inc. shed 3.8%, Abercrombie & Fitch Co. slid 3.6%, American Eagle Outfitters Inc. slumped 3.9%, Buckle Inc. fell 3.8% and Express Inc. dropped 3.4%. Among clothes-sellilng department store chains, shares of Nordstrom Inc. gave up 3.5%, Macy's Inc. lost 1.9% and Dillard's Inc. declined 4.5%. Meanwhile, Amazon's stock edged up 0.1%. Amazon sparked a selloff in grocery store stocks after announcing a deal Friday to buy Whole Foods Market Inc. for $13.7 billion. Analysts fear Amazon's move into a sector introduces a potential major competitor that will lead to lower prices and narrower margins. The SPDR S&P Retail ETF shed 1.8%, while the S&P 500 slipped 0.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/20/2017 08:50:01

    What to Expect From Red Hat Earnings


  • 06/19/2017 12:43:32

    Biogen's stock jumps after UBS boosts rating, price target

    Shares of Biogen Inc. ran up 3.9% in afternoon trade Monday, to turn positive on the year, after UBS backed away from its bearish rating on the belief valuation may have bottomed. Analyst Carter Gould raised his rating to neutral from sell and raised his stock price target to $270, which is 3.2% above current levels, from $262. The stock is now up 0.2% year to date, while the iShares Nasdaq Biotechnology ETF has run up 13.1% and the S&P 500 has gained 9.4%. Gould said concerns over competition to Biogen's Spinraza for spinal muscular atrophy from gene therapy is already priced into the stock price, and sentiment has neared a bottom after the departure of its chief financial officer last week. Gould said he is also "more constructive" on Biogen's aducanumab Alzheimer's treatment. Although he believes intensifying competition will continue to weigh on the company's multiple sclerosis franchise, but he sees that "increasingly balanced by a growing focus on aducanumab."Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/17/2017 08:44:47

    Bill Cosby sexual assault case ends in mistrial; prosecutors to push for retrial

    The judge in the high-profile sexual assault case of sit-com royalty Bill Cosby, 79, has declared a mistrial on Saturday. After several days of deliberations, the jury could not come to a unanimous agreement, prompting the judge's decision. The hung jury leaves open the possibility that Cosby will be tried again. District Attorney Kevin Steele said in a tweet that he will pursue retrial. The jury was considering allegations that Cosby drugged and molested Andrea Constand, a former employee of Temple University, at his home near Philadelphia in 2004. Cosby, who could have spent the rest of his life in prison if convicted, has claimed they had a consensual relationship. Dozens of women had come forward with similar claims over the past several years, but in most of those cases the statute of limitations applied.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/16/2017 15:02:00

    AP FACT CHECK: Trump keeps much of Obama's Cuba policy

    President Donald Trump has declared that he's "cancelling the previous administration's" Cuba policy, which he calls "one-sided" in favor of Havana.

  • 06/16/2017 09:23:43

    Whole Foods buyout by Amazon investigated by shareholder rights firms

    Whole Foods Market Inc.'s stock soared 27% to a two-year high in morning trade Friday, but some law firms aren't convinced that the deal to be bought out by Amazon.com Inc. is fair to its shareholders. Johnson & Weaver LLP said it has launched an investigation into whether Whole Foods' board breached fiduciary responsibilities with the proposed sale of the company. The firm said it was concerned whether the proposed deal price of $42 a share represents "adequate consideration," given that at least one Wall Street analyst had a $47 stock price target. The average price target of the analysts surveyed by FactSet was $34.61, with $47 the highest and $19 the lowest. Levi & Korsinsky LLP said it was investigating the "fairness" of the sales of the company. The $42-per-share bid was 36% below the record close of $65.24 reached on Oct. 25, 2013. Whole Foods' stock has run up 37% year to date, while the SPDR Consumer Staples Select Sector ETF has gained 7.7% and the S&P 500 has advanced 8.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/15/2017 17:47:07

    Russia probe expands to include Kushner's business dealings: report

    The business and financial dealings of Jared Kushner -- President Donald Trump's son-in-law and top adviser -- are now under investigation by special counsel Robert Mueller, the Washington Post reported late Thursday. Mueller is leading the probe into Russian election meddling and possible collusion between Trump's campaign team and Russian officials. The Post said one subject of scrutiny is Kushner's meeting with Russian development banker Sergey Gorkov in December, when Kushner's family real estate business was seeking financing for a Manhattan office building. The Post said the finances of other Trump associates are also being looked into, including former National Security Adviser Mike Flynn, former campaign chairman Paul Manafort and former foreign policy adviser Carter Page. On Wednesday, the Post reported that Mueller's probe had expanded to investigate whether Trump may have obstructed justice.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/15/2017 15:33:53

    Group says Georgia nuclear plant costs rise to $29 bln

    A clean energy group that has opposed a nuclear project in Georgia estimates the plant's cost has soared to $29 billion in the wake of the bankruptcy of half-finished plant's contractor, Westinghouse Electric Co, a unit of Toshiba Corp (TOSBF). Sara Barczak of the Southern Alliance for Clean Energy said that the new estimate adds $9 billion to its projected cost of the Vogtle project, which has been be...

  • 06/15/2017 14:54:41

    Booz Allen shares drop on federal criminal, civil probe

    Booz Allen Hamilton Holding Corp. shares fell in the extended session Thursday after the accounting firm disclosed in a Securities and Exchange Commission filing that it was the focus of a Department of Justice probe. Booz Allen Hamilton shares dropped 12% to $34.51 after hours. The company said the Justice Department is conducting a criminal and civil investigation into its "cost accounting and indirect cost charging practices with the U.S. government." Booz Allen said that its internal probes had not uncovered any significant deficiencies or weaknesses and that it was cooperating with the investigation.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/15/2017 13:41:27

    IMF's Lagarde backs compromise to unlock aid for Greece

    Christine Lagarde, managing director of the International Monetary Fund, on Thursday unveiled a plan that will unlock some new funding for Greece. Lagarde said she would ask the IMF board to back "the approval in principle" of a new IMF loan for Greece. A full agreement would away agreement on debt relief from Greece's European creditors that the international financial agency has demanded. The deal will unlock some IMF funding thus "reducing serious stress on the Greek economy," Lagarde said. Greece is facing debt repayment in July.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/15/2017 11:57:52

    LPC: J. Crew nears amendment for debt restructuring after Canyon turnover

    NEW YORK, June 15 (Reuters) - J. Crew is nearing the threshold needed to approve the credit agreement amendment it is seeking that would dissolve a lender lawsuit aimed at blocking the transfer of intellectual property to an affiliated company, after Canyon Partners sold a US$100m chunk of the loan on Wednesday, a source close to the matter said.

  • 06/15/2017 08:39:24

    Lenders Look to Improve Privacy, UDAP Compliance Training [VIDEO]

    Privacy and data security have proven to be some of the most difficult compliance training courses to implement, Robert Tennant, vice president and general counsel at Veros Credit, said during a panel at the Auto Finance Risk & Compliance Summit last month. “Data security, that is the one that people haveRead More

  • 06/15/2017 08:11:58

    Wall Street's 'fear index' is on pace for its biggest daily pop in a month

    A measure of implied volatility on Wall Street on Thursday was on track to post its largest one-day rise since mid-May as U.S. equities saw firm losses, pressured by a resumption of selling in the highflying technology sector. The CBOE Volatility Index, or VIX, known colloquially as Wall Street's fear gauge was up 10.5% at 11.76 at last check, putting it on track to rise by the most since May 17, when it popped more than 46%. The metric, which tracks options betting on moves in the S&P 500 index a month into the future, has been preternaturally quiescent over the past several months, but has had bouts of relative choppiness as investors fret about market valuations and absorb geopolitical developments, including the U.K.'s efforts to renegotiate longstanding trade agreements with the European Union. Thursday's action comes as the Nasdaq Composite Index , which is on pace to fall four of the past five trading sessions, was suffering a sharp early decline, down 1.1% and on track to post its first losing month since October. Valuations around popular tech giants, including Facebook Inc. , Amazon.com Inc. , Google Inc.-parent Alphabet , Apple Inc. , and Netflix Inc. have raised concerns that those companies, known as FAANG stocks, have risen too far, too fast and are due for a sharp pullback. That sentiment has pressured the rest of the market, which has been aided in its recent run to all-time highs by the tech rally. On Wednesday, the Dow Jones Industrial Average finished at a record despite a broad-market decline. Those moves came after the Federal Reserve lifted key interest rates a quarter-point and detailed its plans to normalize monetary policy and reduce its $4.5 trillion balance sheet, accumulated during the 2008-'09 financial crisis. An accommodative central bank has been seen by some as underpinning what has been a eight-year bull market in equities. The jump in the VIX, however, hasn't coincided with a clear flight to quality--typically associated with a rise in the fear index. Government bonds, for example, viewed as haven assets, were seeing some selling, with the 10-year Treasury note yield up 4.2 basis points at 2.17%, approaching its levels from the beginning of the week and well off its lows set Thursday. Bond prices and yields move inversely. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/14/2017 20:21:50

    REFILE-UPDATE 2-U.S. judge orders more environmental analysis of Dakota pipeline

    WASHINGTON, June 14 (Reuters) - A federal judge on Wednesday ordered the U.S. Army Corps of Engineers to reconsider its environmental review of the Dakota Access Pipeline, opening up the possibility that the line could be shut at a later date.

  • 06/14/2017 17:55:33

    AIG teams with IBM to use blockchain for 'smart' insurance policy

    (Reuters) - Insurer American International Group Inc has partnered with International Business Machines Corp to develop a "smart" insurance policy that uses blockchain to manage complex international coverage, the companies said on Wednesday.

  • 06/14/2017 14:41:33

    BRIEF-Liberty Global says Unitymedia Finance entered financing arrangement

    Liberty Global Plc(LBTYA). * Liberty Global Plc(LBTYA) - on June 8, Unitymedia Finance LLC entered financing arrangement that amends senior facilities agreement dated July 25, 2014. * Liberty Global Plc (LBTYA) - under terms, certain lenders have agreed to provide a $855.0 million term loan facility to Unitymedia Finance - SEC filing.

  • 06/14/2017 14:09:32

    Dow's record close powered by gains in Goldman, Travelers, Home Depot

    The Dow Jones Industrial Average on Wednesday logged a record close, bucking a downbeat trend in the broader market, on the back of gains in shares of Goldman Sachs Group Inc. , Travelers Cos. Inc. , and Home Depot Inc. . That trio was contributed nearly 50 points combined to the price-weighted blue-chip gauge, with the bulk of that advance coming from Home Depot. Trading in U.S. equities comes after the Federal Reserve on Wednesday lifted key interest rates, as expected, and outlined plans to shrink its $4.5 trillion balance sheet in 2017. The interest-rate hike and the balance-sheet reduction should be supportive to bank shares, which benefit from higher rates. However, some read the Fed's move as being somewhat tempered by recent weakness in U.S. economic reports, notably inflation, which appears to be coming under the Fed's 2% target rate. The rest of the market closed lower, with the Nasdaq Composite Index finishing off 0.4%, and the S&P 500 index weighed by losses in technology and energy , to bring the broad-market gauge down about 0.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/14/2017 13:39:16

    Nasdaq turns firmly lower as investors resume tech selling after Fed moves

    The Nasdaq Composite Index Wednesday afternoon saw losses accelerate, as the Federal Reserve lifted key interest-rates a quarter-point, as expected, and detailed plans to reduce its $4.5 trillion balance sheet this year. The Nasdaq Composite Index was recently down 0.9%, which would wipe out Tuesday's gains and extend a downtrend for the technology-laden index, which has been under pressure amid persistent concerns that high flying tech names, including Amazon.com Inc. and Nvidia Corp. , are overvalued. Those names were trading lower after teasing earlier gains. The Nasdaq is on track to finish the session in the red three of the past four sessions. A popular exchange-traded fund that tracks the tech sector, the Technology Select Sector SPDR ETF was off 1%, led by losses in Qorvo Inc. and Western Digital Corp. . The drop in tech and a selloff in the energy sector were combining to drag the S&P 500 index down, while the Dow Jones Industrial Average was bucking the trend, up a modest 0.1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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