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Sector Update: Tech Stocks Maintaining Advance Near Close; BlackBerry Linking Payments with BBM Network

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Technology stocks were moderately higher today with shares of technology companies in the S&P 500 advancing around 0.6%.

In company news, BlackBerry (BBRY,BB.TO) gave up early gains and was trading near its session lows late in Thursday trading despite the smartphone manufacturer today announcing a series of new initiatives enhancing the mobile payment capabilities for users of the device's BBM private social network.

According to the company, the initiatives include a new version of its e-wallet BBM Money and integrating with TransferTo global airtime remittance company, running on both Android and iOS operating systems..

BBRY shares jumped early Thursday but soon turned south and steadily fell during today's session, recently falling about 2.5% at $10.74 apiece, just 4 cents above its session low. The stock has traded within a 52-week range of $5.44 to $11.65 a share, climbing over 44% since the start of the year through Wednesday's close.

In other sector news,

(+) EMKR, Rallies to 18-month high after agreeing to sell its space photovoltaics business to Veritas Capital and the private equity firm paying $150 million in cash. Also, CEO Hong Q. Hou announces plans to step down as soon as a successor is found.

(-) WPCS, Recommends shareholders vote to approve an increase in the number of the company's authorized shares, saying it is needed for the company to meet its equity conversion and warrant obligations under its secured convertible notes.

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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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