Sector Update: Technology

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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 ( BBRY ) is lower, giving back early, moderate gains that followed the new launch of its Z30 smartphone at an event in Kuala Lumpur, Malaysia.

The new touchscreen device boasts a five-inch display and a 1.7 gigahertz processor and is intended to compete against Apple Inc's ( AAPL ) iPhone 5S and Samsung Electronics Co's Galaxy S4, along with a slew of other devices that are powered by Google Inc's ( GOOG ) 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 quarter.

(-) DRWI (-15.4%) Prices 11.9 million new shares at $2.10 each, a discount of about 15% to Tuesday's closing price.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities
Referenced Symbols: AAPL , BBRY , GOOG


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