Technology Sector Update for 01/04/2019: GOOG,GOOGL,QCOM,AAPL

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Top Tech Stocks

MSFT +5.08%

AAPL +4.27%

IBM +3.91%

CSCO +4.46%

GOOG +5.16%

Technology stocks continue to rebound from Thursday's thrashing, with the shares of tech companies in the S&P 500 adding 4.5% in value, while the Philadelphia Semiconductor Index was rising 4.6%.

Among technology stocks moving on news:

(+) Alphabet (GOOG,GOOGL) climbed 5% on Friday after the internet conglomerate said its Verily life sciences company raised $1 billion in a new funding round led by Silver Lake Ventures.

In other sector news:

(+) Qualcomm ( QCOM ) was 1.6% higher Friday afternoon after the mobile phones chipmaker asked a German court to enforce an order banning the sale of Apple (APPL) iPhones in that country amid a protracted patent dispute, media reported.

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This article appears in: Technology , Commodities
Referenced Symbols: QCOM , GOOG , GOOGL , AAPL

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