Tuesday, August 9, 2011

Microsoft (MSFT) (AMZN) (CSCO) (INTC) (AAPL) Leading NASDAQ Back Up

Microsoft (MSFT), Amazon.com (AMZN), Cisco Systems (CSCO), Intel (INTC) and Apple (AAPL) pushing NASDAQ up after the tech sector took a pounding yesterday.

Tech stock futures are also enjoying a resurgence, with the Nasdaq 100 rising from the close yesterday of $2060.29, to 2067.50 for the September contract. Even so, it has started to pull back as the trading day continues.

The biggest gainers in tech so far today are NXP Semiconductors (NXPI), which was trading at $16.05, soaring $2.02, or 14.40 percent, as of 11:10 AM EDT. Silicon Motion (SIMO) was trading at $9.64, climbing $1.28, or 15.31. LCD maker Universal Display (PANL) is leading the way for tech, jumping to $28.71, up $5.91, or 25.92 percent.

Other major techs like IBM (IMB) and Hewlett-Packard (HPQ) are also trading higher.

The NASDAQ is up about 3 percent so far on the day.

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