Wednesday, January 28, 2009

Inched higher on better-than-expected TXN earnings


Shares of Texas Instruments rose 4%. The Semicondutor Index advanced 4% too. Big tech names finished in the green. Action was choppy and trading volume was light as the QQQQ stock flirted with the 29.60 resistance level. Yahoo shares surged 5% in Tuesday's extended trading as its earnings impressed the market. This would most likely give a reason to move higher today.