Texas Instruments, Google Lead the Sector Higher
Friday, July 01, 2021 2:14 PM

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The technology sector continues its rise for the fourth consecutive trading session, led by the rise in share prices of Google Inc. (Nasdaq: GOOG) which rose 1.70 percent to $515 a share, despite losing out on a massive auction for wireless patents owned by Nortel Networks Corp., against a group of companies, which won the auction at accost of $4.5 billion. The consortium of companies include, Apple Inc. (Nasdaq: AAPL) trading higher by 0.39 percent to $336.97, Microsoft Corp. (Nasdaq: MSFT) up 0.19 percent to $26.05, and Research in Motion Ltd. (Nasdaq: RIMM) which was trading lower by 0.52 percent to $28.70. Among the industries, the Semiconductor – Broad Line industry was the biggest gainer, adding 1.30 percent to 1,127.50 points. The gains in the industry were led by Spreadtrum Communications Inc. (Nasdaq: SPRD) which rose 6.28 percent to $16.81, followed by Texas Instruments Inc. (NYSE: TXN) adding 2.04 percent to $33.50, and QUALCOMM Inc. (Nasdaq: QCOM) trading up 1.04 percent to $57.38. In the broader sector, The Nasdaq Composite Index was trading higher by 0.77 percent to 2,794.76, and Morgan Stanley High-Technology Index (MSH) gained 0.69 percent to 662.26 points. Among the ETF’s, the Technology Sector Select SPDR Fund ETF (NYSEArca: XLK) had gained 0.82 percent to $25.91 and SPDR Morgan Stanley Technology ETF (NYSE: MTK) trading up 0.46 percent to $65.75 on Friday.

 

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