The stress test we told you about right here last night. Now, todays mixed Economic Data gave pause to the idea so prevalent over the past couple of days that the Federal Reserve will surely raise Interest Rates soon maybe even in june. Well by the close, the Dow Jones Industrial average gained 260 points today to finish at 17,895. Nasdaq rose 43 and the s p 500 tacked on 25. Stocks rallied despite a warning from the dow component intel. Chip maker slashed about a billn dollars from First Quarter revenue forecast. That move surprised the street and investors. Intel, the worst performing stock in the blue chip dow today falling more than 4. 5 . Josh lipton now with more on why the chips are down at intel. Reporter intel was the darling of the dow last year. Enjoying the biggest gain in the index. So far this year its a different story. One big reason . Weaker than expected demand for personal computers in the workplace. Thats a problem for intel, the company that controls the market for
Year to more than a trillion dollars. Well today, there was more deal talk. A lot of it. First, a deal rejected. The chip maker altera reportedly said no to an intel offer of 50 a share or so. That would have been a better than 40 premium to alteras stock price when dl talks revved up a few weeks ago. Altera makes programmable chips, which is what attracts intel. Had the deal gone through, it would have been intels biggest acquisition ever. Shares of altera jumped 3 while intel was off fractionally today. Now to a deal accepted. Linkedin is snapping up the online career skills site linda. Com, for 1. 5 billion. Its biggest purchase ever. It hires courses for professionals. Linda will bulk up the social Services Like linking up professionals. With all the announced deals in m a so far this year 2015 is running at record or near record levels. If the pace continues, our guest says the price tag for the year could exceed 3 trillion in activity worldwide. That would make 2015 the second bi
Of announced deals so far this year to more than a trillion dollars. Well today, there was more deal talk. A lot of it. First, a deal rejected. The chip maker altera reportedly said no to an intel offer of 50 a share or so. That would have been a better than 40 premium to alteras stock price when dl talks revved up a few weeks ago. Altera makes programmable chips, which is what attracts intel. Had the deal gone through, it would have been intels biggest acquisition ever. Shares of altera jumped 3 while intel was off fractionally today. Now to a deal accepted. Linkedin is snapping up the online career skills site linda. Com, for 1. 5 billion. Its biggest purchase ever. It hires courses for professionals. Linda will bulk up the social Services Like linking up professionals. With all the announced deals in m a so far this year 2015 is running at record or near record levels. If the pace continues, our guest says the price tag for the year could exceed 3 trillion in activity worldwide. Tha
And just kept on going down extending losses into the Late Afternoon as some of the big market gainers in recent months like small caps and biotechs lost steam. By the close, the dow stroensjones off 17,840. And s p 500 fell 21 points. Despite todays selloff, all three major indexes finished the month in the black with the nasdaq and the s p up nearly 1 full percent. On the ten year treasury note just held above 2 . That level watched closely because its seen a proxy as the health of the economy. Bob pisani from the New York Stock Exchange has more on todays weak close to april. Reporter it was a poor end to the month as several big trades started to unwind a bit. And remember there have been three trades that have been big winners for this year. First, the dollar. Second long germany and number three, long health care. Particularly biotech. These are what traders call crowded longs. A lot of traders bought into these trades and are sitting on a lot of profits. All three of those trade
And just kept on going down extending losses into the Late Afternoon as some of the big market gainers in recent months like small caps and biotechs lost steam. By the close, the dow stroensjones off 17,840. And s p 500 fell 21 points. Despite todays selloff, all three major indexes finished the month in the black with the nasdaq and the s p up nearly 1 full percent. On the ten year treasury note just held above 2 . That level watched closely because its seen a proxy as the health of the economy. Bob pisani from the New York Stock Exchange has more on todays weak close to april. Reporter it was a poor end to the month as several big trades started to unwind a bit. And remember there have been three trades that have been big winners for this year. First, the dollar. Second long germany and number three, long health care. Particularly biotech. These are what traders call crowded longs. A lot of traders bought into these trades and are sitting on a lot of profits. All three of those trade