Thursday, April 7, 2011

IBM (IBM) (ADBE) (NVDA) Shrug Off Earthquake, Trading Up

Shares of top tech companies IBM Corp. (NYSE:IBM), Adobe Systems Inc. (NASDAQ:ADBE) and Nvidia Corp. (NASDAQ:NVDA) have mostly shrugged off the effects of the response to another earthquake in Japan, and are all trading higher on the day.

This time it was a magnitude-7.4 earthquake, which includes a tsunami warning in the area that experienced the carnage from the 8.9 earthquake on March 11.

The broader market and other tech companies did reverse direction on the day after the news came out that there was another earthquake.

Nvidia was trading at $18.13, up $0.67, or 3.84 percent, as of 12:33 PM EDT. Adobe was at $34.50, gaining $0.26, or 0.76 percent. IBM was trading at $164.23, rising $0.19, or 0.12 percent.

No comments: