“Tech stocks opened to relatively modest gains Monday morning,” Dan Gallagher reports for MarketWatch.
“The gains came on the kickoff of so-called ‘Cyber Monday,’ during which consumers are expected to shop on the Web en masse in a hunt for deals after hitting traditional retail stores over the weekend following the Thanksgiving holiday,” Gallagher reports.
“Strong turnout among traditional retailers helped boost the overall market early Monday, offsetting continued worries about the global credit crunch,” Gallagher reports.
“Apple Inc. (AAPL: $175.69, +$4.15, +2.4%) was trading up 2% after the opening bell. A report from Deutsche Bank noted strong demand for the company’s iPods, iPhones and Mac computers over the shopping weekend,” Gallagher reports.
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