Intel upgrade, U.S. productivity gains lift tech stocks; Apple shares rise

“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.

Full article here.

5 Comments

  1. A lot of time in the past, right before an announcement the numbers inflate quite a bit due to anticipation of rumored products. Sometimes they stabilize after the announcement; many times, they drop substantially after the announcement.

    But I’m not an analyst.

  2. ApplePi –
    simply type AAPL into Google to see a simple indication of how well the stock is doing today.

    If you click on Google Finance, or one of the other financial sites linked to, you’ll be able to see historical data for any date that interests you and will be able to see for yourself if those trends are such that you fancy investing on that basis.

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