Tech stocks emerged to trade with considerable strength, thanks to Apple, which posted upside earnings and a strong forecast. Texas Instruments was among the sector's primary laggards; participants sold news of the company's positive earnings surprise after the shares had spiked 2% in the session before the announcement.After the close, Yahoo reported a quarterly profit, reversing a year-ago loss, as the online advertising market showed some signs of life. Shares gained about 2.3% in after-hours trading. QQQQ implied volatility inched lower. The market needs a catalyst to move higher.
Wednesday, January 27, 2010
Gaining momentum
Tech stocks emerged to trade with considerable strength, thanks to Apple, which posted upside earnings and a strong forecast. Texas Instruments was among the sector's primary laggards; participants sold news of the company's positive earnings surprise after the shares had spiked 2% in the session before the announcement.After the close, Yahoo reported a quarterly profit, reversing a year-ago loss, as the online advertising market showed some signs of life. Shares gained about 2.3% in after-hours trading. QQQQ implied volatility inched lower. The market needs a catalyst to move higher.
