By Dave Kansas
Technology shares are bucking the trend oriented QE2 time of opening of trade, which can augured well for the whole of the market.
The Nasdaq composite stuffed-tech is just into positive territory while blue-chip Dow Jones Industrial Average is a time more severe, even though it bounced off the coast of its bottom. Fears about pre-open connection QE2 were exaggerated.
After a sea of Red hosted the opening bell, various names technology have begun to move in the Green led chipmaker Broadcom.Le Telecom had a big third quarter and its shares are approximately 8%.Intel and Advanced Micro Micron are higher and the SOX chip index remained positive all morning, currently up to 1.5%.As Matt pointed out yesterday, a good SOX is good for everyone.
Akamai reports after closing and its actions are more than 3 %.Apple is having a battle to stay positive and is approximately $10 off the coast of his $318 peak pre-earnings part.Big, old tech (IRAP they hate being called!) is lower than with Microsoft, Cisco and IBM ill.
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