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TECH STOCKS: Tech Stocks Eke Out Small Gains In Afternoon Trade

By Rex Crum Technology stocks put in a mixed performance in afternoon trading Friday, as the sector see-sawed in a hunt for direction after the U.S. unemployment rate topped 10% for the first time in 26 years. The tech-heavy Nasdaq Composite Index (RIXF) added 4 points to 2,109, while the Morgan Stanley High Tech 35 Index (MSH) and the Philadelphia Semiconductor Index (SOX) also edged above their breakeven lines. Gains came from shares of Hewlett-Packard Co. (HPQ), IBM Corp. (IBM), Microsoft Corp. (MSFT), Intel Corp. (INTC), Apple Inc. (AAPL) and Dell Inc. (DELL). The sector's performance showed how fickle the market can be, as nearly every major tech stock was in the red shortly after the opening bell. Then, many advanced before turning south again. Before trading began, the Labor Department released data showing the U.S. unemployment rate climbed to 10.2% in October, its highest level since 1983. Shares of Nvidia Corp. (NVDA) climbed 7% after the graphics-chip maker reported a rise in its third-quarter earnings to $107.6 million, or 19 cents a share, on revenue of $903.2 million. . EBay Inc. (EBAY) shares edged up less than 1% after the online retailer said it settled litigation with the founders of its Skype Internet-telephony business. The settlement is expected to facilitate eBay's sale of Skype to an investor group. Google Inc. (GOOG) shares rose $1.45 to $550.10. The latest smartphone to run on Google's Android operating system, Motorola Inc.'s (MOT) Droid, made its debut Friday with Verizon (VZ).

Stock News for Nvidia (NVDA)
DateTimeHeadline
11/24/200917:04:05Nvidia Says US Patent Office Rejects 17 Rambus Patent Claims
11/23/200916:21:21TECH STOCKS: Tech Stocks Rise As Part Of Broad-based Rally
11/23/200910:47:15TECH STOCKS: Tech Sector Rises As Part Of Broad-based Rally
11/20/200916:39:41TECH STOCKS: Tech Sector Retreats As Dell Shares Fall
11/20/200911:18:03TECH STOCKS: Tech Sector Sinks As Dell Shares Fall
11/11/200920:25:17TECH STOCKS: Chips Power Broad Tech Rally; Adobe, GameStop Sink
11/11/200911:08:07TECH STOCKS: Semis Power Broad Tech Rally; Adobe, GameStop Sink
11/11/200910:29:05TECH STOCKS: Semis Power Early Tech Sector Rally
11/10/200916:46:49TECH STOCKS: Nasdaq Dips As EA Shares Fall
11/10/200915:57:07TECH STOCKS: Nasdaq Struggles As EA Shares Fall
11/10/200914:33:06TECH STOCKS: Tech Sector Stumbles As EA Shares Fall
11/06/200917:09:16TECH STOCKS: Tech Stocks Close With Small Gains
11/06/200914:06:15TECH STOCKS: Tech Stocks Eke Out Small Gains In Afternoon Trade
11/06/200910:57:04TECH STOCKS: Tech Stocks Put In Erratic Trading Performance
11/06/200910:46:06TECH STOCKS: Tech Stocks On The Rise In Early Trading
11/05/200917:18:14Nvidia 3Q Profit Up 74% On Higher Margins, View Tops Estimate
11/05/200914:37:26TECH STOCKS: Tech Stocks Follow Cisco, Qualcomm North
10/23/200916:47:12TECH STOCKS: Techs Fizzle Despite New Highs For Amazon, Netflix
10/23/200911:39:02TECH STOCKS: Chip Retreat Offsets Amazon, Netflix Rally
10/23/200910:25:37TECH STOCKS: Soaring Amazon And Microsoft Boost Tech Sector

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