By Benjamin Pimentel, MarketWatch
SAN FRANCISCO (MarketWatch)--Technology stocks were mostly
higher Thursday, propelled by gains in shares of Hewlett-Packard
and JD.com, which made a successful public trading debut.
H-P (HPQ) was up 1.5% ahead of the Palo Alto, Calif.-based
company's quarterly report due after the closing bell. JD.com (JD)
also was up 9% as the Chinese online retailer began trading on the
Nasdaq.
The double play set the tone for a generally upbeat trading
session which saw the Nasdaq Composite Index (RIXF) rise 0.6% to
4,157. The Morgan Stanley High Tech 35 Index (MSH) and the
Philadelphia Semiconductor Index were up a fraction.
Facebook (FB) was up 1% after Evercore Partners raised its
rating for the social network to overweight.
On the downside, shares of Twitter (TWTR) slipped 1.3%, while
Microsoft (MSFT) was down nearly 1%. Microsoft was the worst
performer on the Dow Jones Industrial Average(DJI), which was up 21
points.
Also in the red were shares of Intel Corp. (INTC), Apple
Inc.(AAPL) and Cisco Systems (CSCO).
Other must-read stories from MarketWatch:
H-P earnings: Analysts eye turnaround signs
Housing coming out of its deep freeze
JD.com IPO a hit, seen as proxy for Alibaba
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