Yahoo Finance Stocks - Tech Stocks Lead the Market Midday; Nvidia Still Rallying
Investing.com - Technology stocks were the bright spot in an otherwise struggling broader market midday.
The S&P Information Technology Sector index gained about 0.4% at 11:25 AM ET (15:25 GMT).
Software company Synopsys (NASDAQ:SNPS) was the top-gaining component of the index, jumping about 6.5%. The company reported fiscal third-quarter results that topped estimates.
That was followed by Advanced Micro Devices (NASDAQ:AMD), which climbed about 3%. The company won a patent dispute that bars some Vizio televisions from the U.S. market.
Those stocks were followed by Hewlett Packard Enterprise (NYSE:HPE), which rose about 1.7%, bouncing back some from a sharp drop Tuesday, and CenturyLink (NYSE:CTL), gaining about 1.7%, another recovery story following a selloff yesterday on an analyst downgrade.
Nvidia (NASDAQ:NVDA) stock was also higher, climbing about 0.8%.
Nvidia shares have been on a tear ever since it sold off on guidance concerns. Shares are now above levels they were at before the earnings report.
At the other end of the index, video game stocks were in the red.
Electronic Arts (NASDAQ:EA) fell about 1.2% and Activision Blizzard (NASDAQ:ATVI) lost about 1%.
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