Upgrade for Apple Provides Tech Stocks With Added Boost

Upgrade for Apple Provides Tech Stocks With Added Boost

Technology stocks continued to build on modest gains this afternoon, aided by an outsized gain for Apple (AAPL) today following an upgrade for the tech giant to Overweight from Sector Weight at Pacific Crest, which also set a $187 price target for the stock. Overall, shares of tech companies in the S&P 500 climbed slightly more than 0.1%. In company news, AudioCodes (AUDC) rose to its best share price in […]

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Health Care Stocks Extending Day-Long Decline

Health Care Stocks Extending Day-Long Decline

Health care stocks missed out on the late-day bounce for most sectors today, with the NYSE Health Care Index falling almost 0.3% while shares of health care companies in the S&P 500 were down nearly 0.5% as a group. In company news, Aimmune Therapeutics (AIMT) climbed to less than 1% of its 52-week high of $27.10 a share on Monday, rising % to $27.10, after the biotech company today announced […]

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Treasuries End Lower Across Curve

Treasuries End Lower Across Curve

Treasuries prices ended lower across the curve Thursday, curves were mixed with 5Y and longer flatter vs longer dated maturities. The USD enjoyed a big rally with the DXY hitting the highest since late July as equities charged ahead on the pro-reflation trade, posting new all time highs. Meanwhile, the GBP was down nearly 1% due to uncertainty over the future of Prime Minister Theresa May while the EUR was […]

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Tech Stocks Close Gap With Financial Sector for Market Lead

Tech Stocks Close Gap With Financial Sector for Market Lead

Technology stocks were ending mostly higher, helping to carry the broader U.S. markets to gains, with shares of tech companies in the S&P 500 rising more than 0.9% in recent trade. In company news, NeoPhotonics (NPTN) fell to a 30-month low on Thursday, sinking to its lowest price since March 2015 at $4.93 a share, after the maker of digital optical receivers and switches said it was beginning an aggressive […]

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Health Care Stocks Pare Nearly All of Thursday Losses

Health Care Stocks Pare Nearly All of Thursday Losses

Most health care stocks largely sat out the advance for stocks, with the NYSE Health Care Index sinking almost 0.1% while shares of health care companies in the S&P 500 were down less than 0.1% as a group. In company news, Valeritas Holdings (VLRX) stumbled Thursday after late Wednesday disclosing plans to sell up to 3.35 million shares of its common stock by Aspire Capital Partners, which late last month […]

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