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US Stocks See Little Change While Oil Continues to Drop (YHOO, AMD)

By: , dated September 18th, 2012
Stocks were mostly flat on Tuesday as investors were still coming off of last week’s stimulus news from the central bank. FedEx (FDX) cut its fiscal forecast and oil prices continued to drop on statements from Saudi Arabia and as the euro declined, reducing oil’s investment appeal. Tech stock Advanced Micro Devices Inc. (AMD) was in the red after announcing CFO Thomas Seifert is resigning. After the bell, Microsoft Corp. (MSFT) stated that it would be raising its quarterly dividend 15% to 23 cents a share. Yahoo (YHOO) announced a big deal with Alibaba Group, a Chinese Internet company that it will be acquiring for $7.6 billion. Some good news came from the housing industry which reported the highest housing-market index in more than six years.

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