Markets: News

Wednesday, May 22, 2013 10:24:43 PM EDT

Show Me

Search News

Article Tools

Companies Mentioned

Symbol	Last	Change
AAPL	$441.35	+0.39%
AMAT	$14.54	-0.89%
AMD	$3.96	-1.49%
ASML	$80.08	-0.73%
INTC	$24.07	-0.33%
MSFT	$34.61	-0.69%
WDC	$60.40	-0.53%

View All Mentioned

Back to News Overview

Tech stocks gain early; chips waver on warnings

7/10/12 9:52 AM ET (MarketWatch)

SAN FRANCISCO (MarketWatch) -- Most tech stocks turned their backs on the previous day's losses as the sector came to life in early trading Tuesday. Advances came from Microsoft Corp. , Western Digital Corp. and Apple Inc. . Chip-technology company ASML Holding N.V. climbed by 9% to $52.80 after Intel Corp. said Monday it would invest more than $3 billion in ASML to fund new chip development. Advanced Micro Devices Inc. shares were down more than 5% and Applied Materials Inc. was off by 2.5% after those companies lowered their quarterly earnings and revenue estimates. The Nasdaq Composite Index rose 16 points to 2,948.