Arab Today, arab today tech stocks lead us equities higher
Last Updated : GMT 00:29:37
Arab Today, arab today
Arab Today, arab today

Tech stocks lead US equities higher

Arab Today, arab today

Arab Today, arab today Tech stocks lead US equities higher

New York - AFP

Tech stocks led US markets higher Monday helped by the truce in the smartphone patents battle between Apple and Google. The tech-rich Nasdaq Composite Index notched the day's strongest gains, advancing 35.23 (0.86 percent) to 4,125.82. The Dow Jones Industrial Average gained 20.55 (0.12 percent) to 16,511.86, while the broad-based S&P 500 rose 7.22 (0.38 percent) to 1,885.08. Monday's trade was the first since Apple and Google said late Friday evening they were dismissing law suits against each other and would work together on patent reform. Apple rose 1.2 percent, while Google jumped 1.6 percent. Other Nasdaq stocks with big gains included Netflix (+4.2 percent), Priceline (+1.9 percent) and Zillow (+3.5 percent). "Clearly Nasdaq is leading the charge today," said Michael James, managing director of equity trading at Wedbush Securities. The agreement between Apple and Google has "spilled out over the other tech stocks," he said. Peter Cardillo, chief market economist at Rockwell Global Capital, said stocks were "oversold" last week. US telecommunications giant AT&T Sunday announced a deal to acquire broadcast satellite service provider DirecTV for nearly $50 billion, the latest in a string of pay TV consolidation moves. AT&T shares fell 1.0 percent, while DirecTV declined 1.8 percent. British pharma company AstraZeneca again rejected a sweetened takeover offer from US giant Pfizer, which called its $117 weekend billion bid its "final" offer for AstraZeneca. Dow member Pfizer rose 0.6 percent, while US shares of AstraZeneca tumbled 12.0 percent. Biotech company InterMune powered 13.4 percent higher on positive test results for pirfenidone, a treatment for idiopathic pulmonary fibrosis, a lung disease. Time Warner rose 1.8 percent after its Warner Brothers division scored strong box-office grosses for a remake of "Godzilla," which grossed $93.2 million in ticket sales over the weekend, compared to $26 million for second-place "Neighbors." Campbell Soup lowered its profit forecast following disappointing sales in a "challenging consumer environment." Shares fell 2.4 percent. Bond prices fell. The yield on the 10-year US Treasury rose to 2.54 percent from 2.52 percent Friday, while the 30-year increased to 3.38 percent from 3.35 percent. Bond prices and yields move inversely.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tech stocks lead us equities higher Arab Today, arab today tech stocks lead us equities higher

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high

GMT 03:11 2017 Saturday ,25 February

50 Tunisian exhibitors at Gulfood 2017, Dubai

GMT 02:19 2017 Saturday ,25 February

SIEL expo, March 1-4

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market

GMT 10:17 2017 Friday ,24 February

Dow stands out as global stocks tread water
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday