Wall Street Today | Markets Are Wrong on Fed Rate Hikes, Morgan Stanley's Caron Says

Since 1928, the $S&P 500 Index(.SPX.US)$ has only fallen for two straight years on four occasions: The Great Depression, World War II, the 1970s oil crisis and the bursting of the dot-com bubble at the start of this century.

In an effort to lure income investors, energy firms have aggressively boosted dividends over the last 12 months. $Diamondback Energy(FANG.US)$ increased its payout 412% in the span, the most of any S&P 500 member. Five of the index's 10 biggest dividend boosts have come from the energy sector, including $Apache(APA.US)$'s 355% hike, $Pioneer Natural Resources(PXD.US)$'s 276% raise.

$Intel(INTC.US)$, the biggest maker of processors that are the heart of computers, broke up its graphics-chip organization in a bid to accelerate efforts to take sales from $NVIDIA(NVDA.US)$ and $Advanced Micro Devices(AMD.US)$.

$Micron Technology(MU.US)$, the largest US maker of memory chips, gave a lackluster revenue outlook for the current period, indicating the slump in demand for computer components will drag on, and said it will reduce its workforce by about 10% over the next year.
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Elon Musk said $Twitter (Delisted)(TWTR.US)$ was on course for $3 billion of negative cash flow before he stepped in to stem losses by dismissing more than half the company's staff.

Google-parent $Alphabet-A(GOOGL.US)$ said on Wednesday it had approved a new equity award for Chief Executive Officer Sundar Pichai that ties more of his pay to performance.