Google ( GOOGL ) currently has $64.4 billion in cash and short-term investments. Apple ( AAPL ) has $160 billion in available cash (thats about twice as much as the U.S. government) and Microsoft ( MSFT ) has around $85 billion. But Paulsen says hes seeing M&A activity pick up.
STOCKS FALL, US AUTO SALES DISAPPOINT: Here's what you need to know - Yahoo Finance
S&P 500 futures are down about 0.1 percent this morning, matching the small declines in Europe. Asia was mostly lower overnight as profit-takers knocked China down 2 percent. Oil is fighting higher. The S&P 500 has fluctuated between 2100 and 2117 for the last seven sessions after breaking out to new highs in mid-February.
Stocks hovering near record levels - Yahoo Finance
Market Stocks were lower this morning as the Nasdaq fell below the 5,000 level if hit for the first time since the year 2000 yesterday. Auto sales slowed down in February to 16.23 million on an annualized seasonally adjusted rate due to poor weather, less than the 16.7 million expected by economists. GM (GM) sales were up 4.2%, Chrysler (FCAU) sales rose 5.6% while Ford (F) sales dropped 1.9% due to inventory issues with the firms new F-150 truck. At market close the Dow and S&P 500 were each down 0.5% while the Nasdaq was off 0.6%. The company said it earned $1.46 a share in the quarter, up from 83 cents a share in the year-ago quarter.
Stocks End Lower; Nasdaq Falls Below 5,000 - Yahoo Finance
First, the scoreboard: S&P 500: 2,107.8, -9.6, (-0.5%) Nasdaq: 4,979.9, -28.2, (-0.6%) And now, the top stories on Tuesday: The pace of US auto sales fell to 16.2 million in February , versus expectations for sales to come in at a pace of 16.7 million. All the major car manufacturers missed expectations for sales last month, including Ford, which missed estimates the most with a 2% decline versus expectations for 5.8% increase. General Motors reported a 4.2% gain versus expectations for 5.9%, and Honda came up short with a 5% gain versus the 11% that was forecast. Ahead of the data releases, UBS' Maury Harris noted that dealers had reported weaker sales because of the cold weather. Alibaba shares reached an all-time closing low , losing nearly 3% to close at $81.58.