Stocks surged to finish near the highest levels, amid high hopes that Europe’s debt crisis is headed toward resolution.Tech sector got a boost from gains in Neftlix, Amazon and AMD. Neftlix moved up 2.2% after the co. unveiled a distribution deal with DreamWorks. Amazon gained 2.8% on an announcement of a digital distribution deal with 20th Century Fox. Advanced Micro Devices gained 3.7% after UBS upgraded the chip company’s stock to buy from neutral. Apple dropped 0.3% on concerns the company may be cutting its fourth-quarter production of iPads, restricted the technology sector’s gains. Implied volatility little changed on light trading volumes.
Tuesday, September 27, 2011
Surged on hopes for Europe and corporate news
Stocks surged to finish near the highest levels, amid high hopes that Europe’s debt crisis is headed toward resolution.Tech sector got a boost from gains in Neftlix, Amazon and AMD. Neftlix moved up 2.2% after the co. unveiled a distribution deal with DreamWorks. Amazon gained 2.8% on an announcement of a digital distribution deal with 20th Century Fox. Advanced Micro Devices gained 3.7% after UBS upgraded the chip company’s stock to buy from neutral. Apple dropped 0.3% on concerns the company may be cutting its fourth-quarter production of iPads, restricted the technology sector’s gains. Implied volatility little changed on light trading volumes.
