“Most technology stocks gained ground Wednesday morning after upbeat news on U.S. productivity levels and bellwether Intel Corp.’s stock was upgraded,” Rex Crum reports for MarketWatch.
“Intel (INTC: 27.24, +0.93, +3.5%) shares rose… Thomas Weisel raised its rating on Intel to overweight from market weight, saying the company is likely to benefit from growing demand for notebook PCs in 2008,” Crum reports.
“Tech issues also seemed to gain momentum from a Labor Department report that said the U.S. economy showed its strongest productivity gains in four years,” Crum reports.
In midday trading, Apple Inc. (AAPL) shares were up $5.72, or 3.2% to $185.53.
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