Stocks rose, lifted by Chinese and European data and an expansion in U.S. manufacturing. Big gains from Seagate Technology, AOL and Broadcom highlighted an upbeat day for the tech sector, but Amazon failed to join in the rally following its disappointing quarterly results. Seagate and AOL climbed 21% and 10% respectively, while Amazon slid 8%. After the market close Electronic Arts turned higher, aided by better-than-expected results, and Zynga rose after Facebook outlined the importance of its relationship to the social-games developer. Implied volatility inched lower on huge trading volumes.
Thursday, February 2, 2012
Gained on positive economic data
Stocks rose, lifted by Chinese and European data and an expansion in U.S. manufacturing. Big gains from Seagate Technology, AOL and Broadcom highlighted an upbeat day for the tech sector, but Amazon failed to join in the rally following its disappointing quarterly results. Seagate and AOL climbed 21% and 10% respectively, while Amazon slid 8%. After the market close Electronic Arts turned higher, aided by better-than-expected results, and Zynga rose after Facebook outlined the importance of its relationship to the social-games developer. Implied volatility inched lower on huge trading volumes.
