Among the sector activity stories for Tuesday, May 6, from AP Financial News:
NEW YORK (AP) -- Chip stocks rose with the wider technology market Tuesday, helped by Advanced Micro Devices Inc., which soared on developments in its antitrust lawsuit against Intel Corp.
NEW YORK (AP) -- Shares of drybulk shippers edged higher Tuesday, as a key shipping index surged and rates for the sector's largest carriers hit their highest point this year.
NEW YORK (AP) -- Online retail stocks lacked direction Tuesday, with Drugstore.com Inc. falling after the company lowered its fiscal 2008 outlook, citing a challenging economic environment.
NEW YORK (AP) -- Shares of chicken producers climbed higher on Tuesday after a Stephens Inc. analyst boosted her rating on shares of both Pilgrim's Pride Corp. and Sanderson Farms Inc., saying recent production cuts should help boost profits.
NEW YORK (AP) -- Shares of casino operators were mixed Tuesday after MGM Mirage's lackluster first-quarter earnings had investors worried about economic pressures on the sector's Las Vegas results.
NEW YORK (AP) -- Airline shares extended their slide Tuesday as oil prices shot to a new record above $122 a barrel.
NEW YORK (AP) -- Shares of investment banks fell Tuesday as UBS said it lost $11 billion during the first quarter and Merrill Lynch & Co. said the amount of risky assets it has on its books increased during the first quarter.
