By Benjamin Pimentel, MarketWatch
SAN FRANCISCO (MarketWatch) -- Technology stocks traded higher
Wednesday, as shares of Amazon.com jumped following results that
showed the online retailer generating stronger-than-expected
operating income.
The sector also got an early lift from Research In Motion Ltd.
(RIMM) , U.S.-listed shares of which traded up 4% to $16.33. The
handset maker geared up for the much-anticipated rollout of
BlackBerry10 at a launch event in New York.
The early spotlight fell on Amazon (AMZN), which saw its stock
jump more than 3% to $268.37. Late Tuesday, the company report weak
sales but surprisingly robust operating income for the fourth
quarter.
Chip stocks also posted gains, with Nvidia Corp. (NVDA) and
Texas Instruments (TXN) gaining 1%.
Meanwhile, shares of Facebook Inc. (FB) traded up 2% to $31.36.
The advance came ahead of the social networking giant's
fourth-quarter financial results due after the closing bell.
On the downside, shares of Advanced Micro Devices Inc. (AMD) and
Hewlett-Packard Co. (HPQ) traded fractionally lower. Cisco Systems
(CSCO) and Oracle Corp. (ORCL) also in the red.
More broadly, the Nasdaq Composite Index (RIXF) was up 1 point
to stand at 3,155. The Philadelphia Semiconductor Index (SOX) moved
up 0.5%.
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