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Wednesday, October 14, 2009
Tech Stocks Rally Powered By Intel
By Benjamin Pimentel
MarketWatch Pulse
SAN FRANCISCO - Technology stocks staged an early rally, powered by investor optimism about the sector following Intel Corp.'s upbeat earnings report. Intel shares jumped 3%, as the Nasdaq Composite Index quickly gained 1.2% to 2,165, while the Morgan Stanley High Tech 35 Index was up 1.5%. The Philadelphia Semiconductor Index also rose 1.5% as other chip companies advanced.
Copyright © 2009 MarketWatch, Inc.
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