The Nasdaq remains relatively unchanged, the S&P 500 has increased 0.1% and the Dow has moved up 0.2% after the morning's trading. The technology sector is a category of stocks relating to the research, development and/or distribution of technologically based goods and services. This sector contains businesses revolving around the manufacturing of electronics, creation of software, computers or products and services relating to information technology. The technology sector offers a wide arrange of products and services for both customers and other businesses. Consumer goods like personal computers, stereos and televisions are continually improved and upgraded, offering the latest technology to all users. Businesses receive information and services from software and database systems, which allow the companies to make strategic business decisions.
These are the biggest movers in the Technology sector (XLK) (+0.3%):
|Company||Market Cap||Percentage Change|
|Salesforce.com (NYSE:CRM)||$20.49 billion||+7.8%|
|Stratasys (Nasdaq:SSYS)||$1.45 billion||+3.2%|
|NetSuite (NYSE:N)||$4.19 billion||+3.2%|
|F5 Networks (Nasdaq:FFIV)||$6.91 billion||+2.7%|
|VMware (NYSE:VMW)||$36.79 billion||+2.7%|
|Red Hat, Inc (NYSE:RHT)||$9.31 billion||+2.6%|
|Baidu (Nasdaq:BIDU)||$32.86 billion||-2.5%|
Broker Summary: TD Ameritrade Thinkorswim
Salesforce.com (NYSE:CRM) is up 7.8% to reach a current price of $157.34 per share. The company's volume is currently 3.9 million shares for the day, 2.3 times the average daily volume.
Stratasys (Nasdaq:SSYS) is currently trading at $68.66 per share, a 3.2% increase. The company's volume for the day so far is 163,303 shares. This is on pace to reach yesterday's trading volume of 288,223 shares.
NetSuite (NYSE:N) has moved up 3.2% and is currently trading at $60.39 per share. So far today, the company's volume is 169,795 shares, consistent with its average over the last three months.
F5 Networks (Nasdaq:FFIV) has risen 2.7% to hit a current price of $89.87 per share. The company's volume for the day so far is 466,679 shares.
VMware (NYSE:VMW) is at $88.33 per share after an increase of 2.7%. At 452,911 shares, the company's volume so far today is 0.3 times the average daily volume.
After rising 2.6%, Red Hat, Inc (NYSE:RHT) is currently trading at a share price of $49.45. The company is trading at a volume of 626,165 shares. This is on pace to reach yesterday's trading volume of 1.1 million shares.
Baidu (Nasdaq:BIDU) is down 2.5% to reach $91.69 per share. With 3.2 million shares changing hands so far today, the company's volume is in keeping with the average volume over the past three months.
The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. It is important to weigh current activity against historical performance when making any investment decisions. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.