Thursday, December 4, 2008

Closed higher on strength in semiconductors

The semiconductor sector rose 7% as Marvell added 20% after the chip maker swung to a profit. Research In Motion rose 4% despite the company issuing an earnings and revenue warning. Major tech stocks posted healthy gains. After hours, Adobe issued a disappointing outlook and fell 7%.
Current (2:00 am ET) NASDAQ Futures: -15.75 1140.25