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Current DateTime: 05:42:41 28 Nov 2009
LinksList Documentid: 30111251
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Aug.06
3:13 PM ET
Wednesday, 6 Aug 2008
Tech Leads S&P 500 into Positive Territory

As oil falls again, the S&P 500 [.SPX  Loading...      ()   ] has moved further into positive territory led by tech giants Cisco, Microsoft, Apple, Oracle and Google.  The gains are contributing to the tech heavy Nasdaq [COMP  Loading...      ()   ] which is up over 31 points, or 1.3%. 

Here's what they are contributing to the S&P. 

Cisco [CSCO  Loading...      ()   ]

  • Adding ~.98 points to the S&P
  • Up nearly 6% - it's biggest one day move in a year

Microsoft [MSFT  Loading...      ()   ]

  • Adding ~.91 points to the S&P
  • Up nearly 3% - its second 3% day in a row and fourth 3% move in a month

Apple [AAPL  Loading...      ()   ]

  • Adding ~.39 points to the S&P
  • Up over 2% - its second 2% day in a row and sixth 2% gain since the July 1

Oracle [ORCL  Loading...      ()   ]

  • Adding ~.30 points to the S&P
  • Up 2.4% - its second 2.4+% day in a row and third 2.4+% gain since the July 1

Google [GOOG  Loading...      ()   ]

  • Adding ~.30 points to the S&P
  • Up 1.6% - its second 1.6+% day in a row and ninth 1.5+% gain since the July 1

The S&P 500 is a Market Cap weighted index so the larger companies influence its movement more. 

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