Sector roundup: Housing, chips
Among the sector activity stories for Monday, July 7, from AP Financial News:
NEW YORK (AP) -- Housing stocks plunged Monday after a media report said a Federal Reserve official expects home prices and construction spending to continue to fall well into 2009.
NEW YORK (AP) -- Shares of semiconductor companies mostly rose Monday, led by Broadcom Corp. as an analyst said the wireless chip maker could benefit from the upcoming launch of Apple Inc.'s 3G iPhone.
NEW YORK (AP) -- Internet software and services stocks mostly fell Monday along with the broader market, though Yahoo Inc. shares climbed after Microsoft Corp. said it was willing to renew deal negotiations if Yahoo shareholders oust the Web icon's board. 