U.S. stocks finished higher, shedding losses along with the oil price, which topped $101 a barrel. Tech stocks put in a mostly upbeat performance, with Yahoo getting some attention as company officials held their annual meeting with Wall Street analysts. Among other leading tech stocks, gains came from Apple, Dell, Qualcomm and Microsoft. Decliners included Cisco Systems after the co. said that it expects flat quaterly revenue. Yandex gave up almost 10% one day after its U.S. public debut. Losses also came from IBM, Seagate and Amazon. NetApp shares rose 6.4% in heavy volume after solid earnings and upbeat forecast. Implied volatility inched lower.
Thursday, May 26, 2011
Finished higher
U.S. stocks finished higher, shedding losses along with the oil price, which topped $101 a barrel. Tech stocks put in a mostly upbeat performance, with Yahoo getting some attention as company officials held their annual meeting with Wall Street analysts. Among other leading tech stocks, gains came from Apple, Dell, Qualcomm and Microsoft. Decliners included Cisco Systems after the co. said that it expects flat quaterly revenue. Yandex gave up almost 10% one day after its U.S. public debut. Losses also came from IBM, Seagate and Amazon. NetApp shares rose 6.4% in heavy volume after solid earnings and upbeat forecast. Implied volatility inched lower.
