Showing posts with label ADBE. Show all posts
Showing posts with label ADBE. Show all posts

Sunday, 23 March 2014

NASDAQ: Symantec stock plunged 12%

Last Friday US stock ends lower, with DJI - 0.17%, NASDAQ -0.98% and S&P 500 -0.29%.

I was wondering how come NASDAQ would have fallen relatively extensive as compared to S&P 500. Having observed the trend of NASDAQ recently, this is rather unusual. A look into Wall Street Journal clear my doubts: SYMC (NASDAQ:SYMC) plunged 12% yesterday due to the news that CEO get sacked in less than 2 years.  Related news can be found in Investor place. Symantec, which develops Norton anti-virus, is a well known company for computer anti-virus software. I am using its product currently.

NASDAQ is an index comprises of 100 companies mainly related to technology / health care operations. A list of its components companies can be found in CNBC Nasdaq component companies. You can easily identify some of the well known international companies by just a glance at the component companies: Microsoft, Intel, Adobe etc.

This is what happens when you get to know US market, a greater insight about the companies of which you use their products daily, and also have a sense of how fluctuating US markets can be.