Videos - Sector Updates

  •      11:03 AM Healthcare Sector Update: March 11, 2011

    Major healthcare shares are down in pre-market session Friday, hit by lukewarm investor sentiment across the board.

    Synta Pharmaceuticals Corp. (SNTA) is expected to open lower, after reporting 2010 Q4 collaboration revenue of $3 mln, down from $4.7 mln a year ago. The loss for the...

  • 10:54 AM Financial Sector Update: March 11, 2011

    Financial heavyweights are down in pre-bell action, unable to outpace the bearish investor sentiment caused by the earthquake and tsunami in Japan. The Tokyo Stock Exchange reportedly plans to open for normal trade on Monday, and the central Bank of Japan also vowed to do its best to ensure...

  • 10:49 AM Technology Sector Update: March 11, 2011

    Tech heavyweights are down in pre-market action, hit by broad market weakness in the wake of a major earthquake and tsunami in Japan. Apple, Inc. (AAPL) is falling fractionally, ahead of an updated version of its iPad tablet computer to be available in stores this afternoon. On-line sales are...

  • 03:18 PM Financial Sector Update: March 10th, 2011

    Financial shares are lower in mid-session trading while Jackson Hewitt Tax (JTX) plunged after the company cancelled its earnings conference call in light of ongoing discussions between JTX and lenders under its senior secured credit agreement. Meanwhile, Financial Institutions (FISI) shares are...

  • 03:16 PM Technology Sector Update: March 10th, 2011

    Technology shares are down in mid-day trading as AOL Inc. (AOL) gears up to pare back its global workforce by 20% in a bid to catch up with faster moving rivals, Reuters reported, citing a source close to the company. More than 900 of the company's 5,000 workers will lose their jobs. Meanwhile,...

  • 03:12 PM Consumer Sector Update: March 10th, 2011

    Consumer shares are down in mid-day trading while Green Mountain Coffee Roasters (GMCR) jumps on a deal with Starbucks (SBUX). Starbucks says it will produce and sell its coffee and its Tazo brand tea via GMCR's K-Cup portion packs for use in the Keurig single-cup brewing system. The move is in...

  • 03:10 PM Energy Sector Update: March 10th, 2011

    Energy shares are down in mid-day trading as crude oil futures fall for the second session in a row to trade below $102 a barrel. Light, sweet crude oil for April delivery is trading down $2.83, or 2.69%, to $101.57 a barrel. In mid-day news, Chevron (CVX) shares are down after Reuters reported...

  • 03:08 PM Health Care Sector Update: March 10th, 2011

    Health care shares are down in mid-day trading, but Human Genome Sciences (HGSI) bucks the trend, after getting a key approval from the U.S. Food and Drug Administration. the FDA approved BENLYSTA to treat adult patients with active, autoantibody-positive systemic lupus erythematosus (SLE) who...

  • 03:53 PM Sector Update: Financial - March 9, 2011

    Financial shares are mixed in mid-day trading while Berkshire Hathaway (BRK.B) nets more than $2 billion in Burlington Northern dividends. In sector news, ING Groep (ING) is preparing to sell its US online-banking division in a move to meet European Union conditions for the bank's bailout,...

  • 03:50 PM Sector Update: Technology - March 9, 2011

    Technology shares are down in mid-day trading, but Nokia's (NOK) US-traded securities are seeing some support from comments made by its chief financial officer. Chief Financial Officer Timo Ihamuotila said that the phone maker sees a long timeline for sales of phones running its Symbian platform...