Stock ETFs Rise but Microsoft Fades After Skype Deal
May 10, 2011 at 12:09 PM EDT
U.S. stock exchange traded funds (ETFs) were higher Tuesday but Microsoft (NasdaqGS: MSFT) shares were down over 1% after the tech giant said it will acquire Internet telephone services provider Skype for $8.5 billion in cash. PowerShares QQQ (NasdaqGM: QQQ) was up 0.4% in midday trading Tuesday. ...