Tech stocks were able to make to make a broad-based advance. Hewlett-Packard helped the tech sector make its way to a 0.8% gain, thanks to better-than-expected earnings and upside guidance. Citigroup initiated Microsoft with a Buy and price target of $31 saying PC trends are likely to drive earnings upside. QQQQQ implied volatility inched lower. Late Thursday, the Fed raised the rate it charges banks for emergency loans by a quarter percentage point to 0.75%. U.S.futures point to a lower open.
Friday, February 19, 2010
Finished higher
Tech stocks were able to make to make a broad-based advance. Hewlett-Packard helped the tech sector make its way to a 0.8% gain, thanks to better-than-expected earnings and upside guidance. Citigroup initiated Microsoft with a Buy and price target of $31 saying PC trends are likely to drive earnings upside. QQQQQ implied volatility inched lower. Late Thursday, the Fed raised the rate it charges banks for emergency loans by a quarter percentage point to 0.75%. U.S.futures point to a lower open.
