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Tech Sectors Lifted in Post-FOMC Market Surge; Blackberry Introduces Faster, Larger-Screen Smart-Phone

By: MT Newswires
Posted: 9/18/2013 2:15:00 PM
Referenced Stocks: AAPL;BBRY;GOOG

Top Tech Stocks

MSFT +0.10%

AAPL +1.52%

IBM +0.27%

CSCO +0.47%

GOOG +0.37%

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 at $10.43 a share, sliding about 1.2%, as it gives back early 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.