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Investors returned from the Labor Day weekend in a buying mood, and chip stocks led the way higher on an AMD upgrade.
Yahoo! - MEDISOLUTION LTD COM NPV Company News (Page 2/3):: Tech Stocks: AMD among tech gainers in quiet session - at MarketWatch - 4:21 pm Tech Stocks: Yahoo paces tech-sector gains as deal speculation heats up - at http://biz.yahoo.com/n/ca/m/msh-2.htmlHOME | Thomas Weisel analyst Eric Gromberg upped AMD to outperform and raised sales and earnings estimates on growing acceptance of the company's chips. AMD shares rallied 6% on the news.
TG Daily - IDF: How to TiVO-ize your PC:: post market share gains against Internet Explorer AMD shows off ray-tracing tech on YouTube. Analyst firms maintain buy recommendations on Nvidia stock http://www.tgdaily.com/content/view/15160/139HOME | Just a Thought - Decisions, Decisions The Mac Observer:: Steve paces an oblong path in his sizable office that takes him a full 30 seconds to complete. Slife 2 Gains Goal Tracking, Web Collaboration. Mon., 10:55 PM http://www.macobserver.com/columns/justathought/2005/20050607.shtml?ppp=50&p=188337HOME | The AMD news helped overcome downgrades to Texas Instruments and Novellus, sending the chip sector 1.7% higher on the day.
After the close, Intel slipped after announcing widely expected job cuts.
Other movers in Tuesday's trading session included Click Commerce, which soared 25% on a buyout offer from Illinois Tool Works, while International DisplayWorks gained 4% on a takeover offer from Flextronics.
Intel gives sneak peek at Nehalem microarchitecture - www.atomicmpc.com.au:: AMD gains ground on Intel. Mac Pro overclocking utility arrives. Nehalem trio slated for Q4 New Sapphire Radeon HD4870 512mb in stock $375 http://www.atomicmpc.com.au/article.asp?CIID=114670HOME | Gains Blogs // Search Results, Blog Search // BlogCatalog:: paces slight gains in technology stocks following a dreary performance in regular trading. AMD Gains Ground on Intel in Chip Wars http://www.blogcatalog.com/posts/gainsHOME | Affiliated Computer climbed 4% on a Goldman Sachs upgrade.
Redback fell 10% on a UBS downgrade.
Apple rose 4.5% on reports that it may soon unveil a cell phone.
The Nasdaq rose 12 to 2205, the S&P 500 gained 2 to 1311, and the Dow rose 5 to 11,469. Volume rose to 2.05 billion shares on the NYSE, and 1.78 billion on the Nasdaq. Advancers led 18-13 on the NYSE, and 18-11 on the Nasdaq. Upside volume was 63% on the NYSE, and 61% on the Nasdaq. New highs-new lows were 177-18 on the NYSE, and 108-36 on the Nasdaq.
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