A bankrupt electronics retailer appears to have gotten caught up in the investor fervor for Twitter.
A mysterious glitch halted trading on the Nasdaq for three hours Thursday in the latest major electronic breakdown on Wall Street, embarrassing the stock exchange that hosts the biggest names in technology, including Apple and Google.
Tesla will be joining the Nasdaq-100 Index on Monday as software maker Oracle Corp. heads to the New York Stock Exchange.
Several Bay Area stocks were among those losing ground Thursday. Apple Inc. was down more than $6 on the day, while Google stock was off more than $10 and Chevron slid some 2.5 percent.
Technology companies led the Standard & Poor’s 500 index to an all-time closing high Monday. Apple surged 3 percent, or $12.92, to $430.12.
Los Gatos-based Netflix, which streams TV shows and movies over the Internet, was among the winners after announcing profits that impressed investors. Netflix soared $42.62, or 24 percent, to $216.99 after reporting a big gain in subscribers in the first quarter.
Oracle Corp. on Wednesday reported flat earnings for its fiscal third quarter, hurt by a continued drop in sales of hardware systems and a surprise decline in sales of new software – which the company attributed to a lackluster performance by its expanding sales force rather than lack of demand.
Intel Corp., the world’s largest chipmaker, on Thursday said its fourth-quarter net income fell 27 percent from the previous year, as PC sales continued to weaken.
In an SEC filing late Tuesday, Facebook said that founder and CEO Mark Zuckerberg “has no intention to conduct any sale transactions… for at least 12 months.”
Apple’s $1 billion court win against Samsung is translating into a much bigger jump in its market value. Apple shares were up $11.98, or 1.8 percent, at $675.26 in morning trading Monday.