SAN FRANCISCO (MarketWatch) � Shares of NCR Corp. and Advanced Micro Devices were up sharply on Tuesday leading the tech sector to modest gains.
NCR�s NCR �stock jumped 11.4% to close at $21.19 a day after the company reported better-than-expected results.
Click to Play ABC, Univision eye new channelDetails of a new venture being planned by ABC News and Univision -- a new 24-hour cable channel that would broadcast in Spanish.
After slipping early on, the Nasdaq Composite Index COMP �moved up 0.1% to close at 2,904. The chip sector gave the group a lift, as shares of Advanced Micro Devices AMD �, gained 3% to close at $7.13. Micron Technology MU �added 1.9% to close at $7.88.
AMD got a boost from Longbow Research which upgraded the stock to buy from neutral.
Analyst Joanne Feeney cited �improving fundamentals and lower risk,� saying in a note, �AMD has finally cleared the supplier headwinds that constrained its performance in 2011.�
The Philadelphia Semiconductor Index SOX �was up 0.1%.
Also on the rise were shares of Apple Inc. AAPL �which traded up 1.1% to close at $468.83.
Networking giant Cisco Systems CSCO �also bounced back to rise 0.1%, closing at $20.20. Juniper Networks JNPR �added 1.3% to close at $23.02, while JDS Uniphase JDSU �advanced 4.7% to close at $13.25.
In the software sector, Oracle Corp ORCL �was down a fraction, but Microsoft Corp. MSFT �and Adobe Systems ADBE �posted modest gains.
Among Internet stocks, Google Inc. GOOG �and AOL Inc. were each down a fraction, but Yahoo Inc. YHOO , eBay Inc.EBAY �and Amazon.comAMZN � posted slight gains.
No comments:
Post a Comment