Higher software revenue helped lift Oracle Corp.’s fiscal first-quarter net income by 8 percent.
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.
San Francisco-based Wells Fargo, the nation’s biggest mortgage lender, said its first-quarter profit surged 23 percent after the bank cut expenses.
If fewer people are interested in buying a new personal computer, then fewer investors want to own stakes in companies whose fortunes are tied to the sales of laptop and desktop machines.
Google’s stock climbed to a new high Friday as Wall Street’s best known indexes approached record territory, too.
There was a moment in the debate that will be discussed in the days ahead that everyone missed until yesterday. A review of the debate tape reveals that, apparently, Mitt Romney needed a cheat sheet to keep the lies straight.
It is clear that Democrats have shown a greater propensity to spend money wisely with their campaigns and allied groups. At the end of the day, that is what America needs.
Romney is dragging his own campaign and every Republican down. Republican operatives and House and Senate candidates have conceded as much throughout the month of September.