“Most technology stocks were in the black Thursday, led by makers of chips and personal computers,” Benjamin Pimentel reports for MarketWatch.
“The Nasdaq Composite Index was up 2.8% to 1,672 in the last half hour of trading,” Pimentel reports. “The computer manufacturers were in the black after data showed better-than-expected shipment figures for PCs in the first quarter. Hewlett-Packard Co. (HPQ) was up 5.45%, while Dell Inc. (DELL) was ahead 6.8% and Apple Inc. (AAPL) gained 4.1%.”
Pimentel reports, “Kaufman Brothers analyst Shaw Wu said the preliminary PC data look ‘better than feared,’ particularly in the United States. ‘U.S. shipments were down 3% year over year, compared with a 7% decline globally,’ he told clients in a research note. ‘This is better than bearish predictions looking for a double-digit decline. It is also interesting to note that the U.S. outpaced international growth for the first time in a while.'”
Full article here.
