News Summary (AMD, SNDK, NVDA, MCD, BXC)

US Technology stocks moved down as the wider market dipped on disappointing US employment data. The Philadelphia Semiconductor Index (SOX) lost about 0.06%, as shares of Advanced Micro Devices AMD and SanDisk Corp SNDK fell. However, the shares of Nvidia Corp NVDA gained after BMO Capital upgraded the company to “outperform.” McDonald's Corp MCD has announced an 11% hike in its quarterly cash dividend to $0.61 per share. The dividend will be paid on December 15 to shareholders on record at the end of business on December 1. Shares of MCD are down about 0.2%. Shares of BlueLinx Holdings BXC jumped about 17% after the company received a buyout offer of $4 per share. The company has received an offer from affiliates of Cerberus Capital Management LP, up from a previous offer of $3.40 per share. Read more from Benzinga's Markets.