TECH STOCKS: A Mixed Bag

Strength in chip stocks pushed tech-heavy indexes upward, counteracting a slip in blue chips.



Stock markets had a mixed day Wednesday, as blue chips took a hit and strength in chip stocks helped drive tech-heavy indexes upward. National Semiconductor rose 5.8%, or 1.57 points, to $28.74; Texas Instruments rose 3.6%, or 81 cents, to $23.49; Applied Materials rose 3.3%, or 70 cents, to $21.65; AMD rose 1.4%, or 14 cents, to $10.24; and Intel rose 1.1%, or 31 cents, to $28.02;

At the closing bell, the InformationWeek 100 was up 1.6%, or 4.37 points, to 273.78, and the Nasdaq index was up 0.7%, or 11.49 points, to 1,782.14. The Nasdaq-100 tracking stock rose .77%, or 25 cents, to $32.79, on volume of 46.9 million shares.

Less tech-intensive indexes were essentially unchanged. The Dow fell 0.1%, or 6.66 points, to 9,333.79, and the S&P 500 rose 0.01%, or .06 points, to 996.79.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Email This  | 
Print  | 
RSS
More Insights
Copyright © 2020 UBM Electronics, A UBM company, All rights reserved. Privacy Policy | Terms of Service