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TECH STOCKS: H-P A Big Gainer As Other Techs Trim Losses

Hewlett-Packard Co. shares flexed their muscles, and some other tech stocks advanced as the sector tried to pull itself out from big, early losses spurred by negative reaction to a slate of economic data.The decline was fueled on by a combination of factors. On Wednesday, U.S. Federal Reserve Chairman Ben Bernanke said the Fed may relax its "easy money" policy. On Thursday, the latest manufacturing data from China showed signs of contraction. The data from China then led to a big decline in Japan's Nikkei Stock Average.All that combined to help send the Nasdaq Composite Index (RIXF) down when trading started, before the tech-heavy market gauge could cut its losses. The Nasdaq was off by 17 points at 3,445, while the Philadelphia Semiconductor Index (SOX) shed almost 1% and the Morgan Stanley High Tech 35 Index was also in the red.H-P (HPQ) showed it was making positive headway, as its shares surged almost 14%, to $24.18.Late Wednesday, H-P reported fiscal second-quarter earnings that f...

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