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Aug.06
3:13 PM ET
Wednesday, 6 Aug 2008
Tech Leads S&P 500 into Positive Territory
Posted By:Ariel Nelson
Topics:Stock Market
Companies:Oracle Corporation | Google Inc | Microsoft Corp | Apple Inc | Cisco Systems Inc
As oil falls again, the S&P 500 [.SPX
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()
] 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
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()
] which is up over 31 points, or 1.3%.
Here's what they are contributing to the S&P.
Cisco [CSCO
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()
]
- Adding ~.98 points to the S&P
- Up nearly 6% - it's biggest one day move in a year
Microsoft [MSFT
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()
]
- 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
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()
]
- 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
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()
]
- 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
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()
]
- 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.
Comments? Send them to
© 2009 CNBC.com
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