Heading into the heart of hurricane season 10 months after Sandy slammed the New York metropolitan area, Wall Street has had time to reassess and revamp backup plans.
Though earnings from some tech vendors brightened up a week of tepid market reports, shares of IT companies broadly declined Friday along with the rest of the market.
Tech stocks had an upbeat week as industry watchers appear to be looking at the positive side of earnings from Internet, consumer electronics and networking companies.
Tech earnings this week highlighted the importance of mobile communications to IT, as companies including Apple, Samsung, Facebook, AT&T and Texas Instruments reported mixed results for the quarter ending in June.
Though software sales provided a ray of light in otherwise mixed results this week, gloom settled over the tech sector Friday in the wake of bellwether IT quarterly earnings reports.
A rebound for IBM failed to materialize in the second quarter, as profit and sales declined along with a slump in revenue from hardware and services.
With a shareholder vote scheduled for July 18, the battle over Dell's $24.4 billion plan to go private intensified Friday as investor Carl Icahn and his affiliates issued an enhanced offer for the company.
Closing out June, tech stocks are up for the year but have not enjoyed the full fruits of a bull market that has boosted the Dow to its best first half since 1999, right before the dot-com crash.
Against a backdrop of market tumult, enterprise software companies this week reported mixed quarterly results.
Buffeted by concerns about the economy and IT spending, tech stocks have gone on a roller coaster ride lately, but on the whole they've managed to hang on to gains they made earlier in the quarter.
A Dell special committee weighing competing bids for the company says that a plan from investor Carl Icahn and Southeastern Asset Management comes up short by billions of dollars.
Apple appears to face an uphill battle as it goes to trial Monday in New York on e-book price fixing charges brought by the U.S. government.
Despite dismal forecasts for PCs and servers, tech stocks have been doing well on optimism about cloud technology and mobile devices.
A strong stock market could open the floodgates for more tech IPOs in the wake of Friday's solid debut of Marketo and Tableau, but not all segments of IT may be able to ride the wave.
Just this week, a number of announced and rumored deals involving big-name tech companies like Intel, BMC, Microsoft and Facebook highlighted what could be a spring awakening for mergers and acquisitions in the tech sector.