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Name | Symbol | Market | Type |
---|---|---|---|
Advanced Micro Devices CDR CAD Hedged | NEO:AMD | NEO | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.82 | 2.83% | 29.84 | 29.13 | 30.00 | 29.95 | 29.20 | 29.40 | 185,362 | 22:30:01 |
By Benjamin Pimentel
The tech sector edged higher Thursday, led by Texas Instruments and Palm Inc., pushing the Nasdaq Composite Index back above the 2,000 mark.
After a shaky start, the Nasdaq (RIXF) gained 0.4% to 2,007, with less than an hour left in the session.
The tech-heavy index was aided by gains from Palm Inc. (PALM) which were up more than 5%.
Texas Instruments (TXN) also traded up more than 2% after the chip giant was upgraded by Baird to neutral from underperform.
"Texas Instruments should continue to benefit from strong sell-in analog trends in the third quarter, and inventory replenishment dynamics at distributors in the second-half as lead times continue to expand," analyst Tristan Gerra said in a note.
TI's gains helped boost the Philadelphia Semiconductor Index (SOX) which advanced 1.7%, as shares of Advanced Micro Devices (AMD), Nvidia Corp. (NVDA) and Intel Corp. (INTC) also rose.
Apple (AAPL) was up 1.6%, while Dell Inc. (DELL) rose 2.75%.
Shares of Tellabs Inc. (TLAB) were up more than 9% after the communications equipment company was upgraded to outperform from market perform by Morgan Keegan.
Meanwhile, Amazon.com (AMZN) struggled in negative territory, its shares down more than 1%.
Also in the red were shares of SanDisk Corp. (SNDK) and eBay Inc. (EBAY).
1 Year Advanced Micro Devices C... Chart |
1 Month Advanced Micro Devices C... Chart |
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