The major equity indexes held their own over the first hour of the trading day, with the tech-heavy NASDAQ trading nicely higher on hopes of a strong quarterly showing from industry leader Apple after today’s closing bell. However, from that point on the selling began to pick up, with profit taking—the major averages started the trading week at or near record levels—and some anxiety ahead of big earnings and economic news this week, not the least of which is the latest decision from the Federal Reserve on monetary policy.
Comcast Corp. (CMCSA) is an American multimedia company based in Philadelphia. The largest broadcasting, cable, and home Internet company in the world also stands as the third largest home television service provider. Through its two main businesses, Comcast Cable and NBCUniversal (which it has owned since 2011), the business maintains vertically integrated operations from production to distribution and communications to broadcasting. In early 2014, the company agreed to acquire Time Warner Cable (TWC) for roughly $45 billion, though recent regulatory developments are now expected to nix the deal altogether.
Shares of Microsoft opened higher this morning, as the investment community seemed to be pleased with the company’s March-quarter financial results.