Technology stocks are turning higher with the broader markets in
the wake of the Federal Open Markets Committee's announcement this
afternoon of unchanged policy. Shares of technology companies in
the S&P 500 were last up 0.6%.
In company news, BlackBerry Ltd (
) is lower, giving back early, moderate gains that followed the new
launch of its Z30 smartphone at an event in Kuala Lumpur,
The new touchscreen device boasts a five-inch display and a 1.7
gigahertz processor and is intended to compete against Apple Inc's
) iPhone 5S and Samsung Electronics Co's Galaxy S4, along with a
slew of other devices that are powered by Google Inc's (
) Android platform.
In other sector news,
(+) ADBE (+6.4%) Despite missing EPS estimates, investors are
cheered by the software firm's reporting 1.03 million paid Creative
Cloud subscriptions at the end of Q3, up 47% from the prior
(-) DRWI (-15.4%) Prices 11.9 million new shares at $2.10 each,
a discount of about 15% to Tuesday's closing price.
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