Wall Street Ends Lower as Turkey Woes Hit Banks [The New York Times]
Microchip Technology Incorporated (MCHP)
Last microchip technology incorporated earnings: 2/4 04:10 pm
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Source: The New York Times
By Reuters Aug. 10, 2018 NEW YORK — U.S. stocks slid on Friday as a deepening economic crisis in Turkey dragged on bank shares and triggered a move out of riskier assets. The Dow and S&P 500 posted declines for the week following five straight weeks of gains, but the S&P 500 remains just 1.4 percent below its record high from Jan. 26. A drop in technology shares added to the day's bearish tone. The S&P technology index fell 0.8 percent, with Intel down 2.6 percent after Goldman Sachs downgraded the stock to sell. Microchip Technology shares fell 10.9 percent after a disappointing second-quarter revenue forecast. A slump in the Turkish lira worsened after U.S. President Donald Trump doubled tariffs on steel and aluminum imported from the country. Investors fled to safe-haven assets, pushing the dollar higher and weighing on U.S. bond yields . It was a classic risk-off move, said Quincy Krosby, chief market strategist at Prudential Financial in New Jersey
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MCHP
News
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MCHP
Earnings
- 2/1/24 - Beat
MCHP
Sec Filings
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- MCHP's page on the SEC website