Investors eager to welcome back the financial statements chipmakers IBM and Texas Instruments also because of another technology company last week that Intel has released results that exceed expectations with revenues showing strong technology sector spending.
"There (technology sector) revenues largely positive. Then make sense if people become less optimistic in that sector," said Nick Kalivas, an analyst at MF Global as quoted from Reuters, Tuesday (07/20/2010).
In trading Monday (7/19/2010), the Dow Jones closed 56.53 points higher (0.56%) to the level of 10154.43. Index Standard & Poor's 500 climbed 6.37 points (0.60%) to a level of 1071.25 and the Nasdaq gained 19.18 points (0.88%) to a level of 2198.23.
Started trading, Wall Street had opened lower before eventually reversed course, but occurs in the thin trading volume.
IBM shares close higher 1.4% to U.S. $ 129.79, Texas Instruments darted 3.2% to U.S. $ 25.55. However, after the close of trading, IBM shares declined 4% and Texas Instruments dropped 6% since the announced performance does not match expectations. Future indexes were involved weakening.
"Looks like this will hurt the entire sector has been a leader for technology stocks rally," says Keith Springer, president, Capital Financial Advisory.
Meanwhile, Boeing Co. shares rose 2.1% during the regular session after announcing a 30 plane order from Emirates. Boeing also predicted the existence of other orders during this weekend, especially from aircraft leasing company. Trade transaction was not too busy and only had 7.16 billion shares, below average last year reached 9.65 billion.
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