The market fnished with mixed results. Investors continue awaiting further details regarding a government-led plan to help restore the financial system. Only the Nasdaq was able to finish with a gain, thanks to help from Microsoft. The semiconductor sector made notable gains despite a weak report from the Semiconductor Industry Association. In fact, the semiconductor sector riose on bad news. It is a good sign. Analysts guess that since many chip stocks are now at multi-year lows, the industry is reaching a bottom and may recover later this year. Gains also came from Cisco, Apple and Oracle.
Tuesday, February 3, 2009
Gathers Momentum
The market fnished with mixed results. Investors continue awaiting further details regarding a government-led plan to help restore the financial system. Only the Nasdaq was able to finish with a gain, thanks to help from Microsoft. The semiconductor sector made notable gains despite a weak report from the Semiconductor Industry Association. In fact, the semiconductor sector riose on bad news. It is a good sign. Analysts guess that since many chip stocks are now at multi-year lows, the industry is reaching a bottom and may recover later this year. Gains also came from Cisco, Apple and Oracle.
