Closing out June, tech stocks are up for the year but have not enjoyed the full fruits of a bull market that has boosted the Dow to its best first half since 1999, right before the dot-com crash.
The tech sector also faces what some analysts predict to be a rough few quarters, amid doubts about the economy and market forecasts for a tough year for tech sales.
Tech stocks were up Friday, with the Nasdaq Computer Index, which tracks more than 300 tech-related stocks, closing at 1615.46, up 2.21 percent. It was a mixed day of trading, however. Of the five tech bellwethers on the Dow Jones Industrial Average, Intel and Hewlett-Packard closed up for the day, while IBM, Microsoft and Cisco were down.
Unusually, compared to what's been happening so far this year, tech was up while other sectors were down Friday. The Dow and the Standard and Poor's 500 were both down for the day.
To read this article in full or to leave a comment, please click here
No comments:
Post a Comment