Dell Leads Technology Sector Higher
Wednesday, June 29, 2021 2:08 PM

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Technology stocks rose Wednesday as Dell Inc. (Nasdaq: DELL0 picked up gains, after the PC maker said that it plans to grow its services business and also touted its list of acquisitions over the past year, though the company left its forecast untouched, at a meeting with Wall Street Analysts at its headquarters in Texas. Dell Inc.’s stock climbed 2.76 percent to $16.45 on Wednesday. However, in the morning session of trade, the semiconductor stocks weighed on the sector, before it moved to gains in the afternoon. In the semiconductor segment, The Philadelphia Semiconductor Index was trading higher by 0.22 percent to $401.42 points. Among stocks, Texas Instruments Inc. (NYSE: TXN) was trading marginally higher by 0.09 percent to $32.01, and NVDIA Corp. (Nasdaq: NVDA) added 0.32 percent to $15.55. Among other gainers in the sector were, Hewlett-Packard Co. (NYSE: HPQ) gained 1.14 percent to $35.49, Google Inc. (Nasdaq: GOOG) up 0.75 percent to $497.37, and Amazon.com Inc. (Nasdaq: AMZN) gained 1.46 percent to $205.31. Shares of Oracle Corp. (Nasdaq: ORCL) also gained 0.25 percent to $32.42, after the company announced a small acquisition. In the broader sector, The Nasdaq Composite Index was trading higher by 0.40 percent to 2,740.19, and Morgan Stanley High-Technology Index climbed 0.73 percent to $645.35. Among the ETF’s, the Technology Sector Select SPDR Fund ETF (NYSEArca: XLK) had gained 0.34 percent to $25.27 and SPDR Morgan Stanley Technology ETF (NYSE: MTK) trading flat at $63.75 on Wednesday.


 

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