Top Tech Stocks
MSFT +2.55%
AAPL +1.02%
IBM -0.95%
CSCO +0.77%
GOOG +1.43%
Technology stocks were within close range of today's market-leading sectors in late trade, with shares of tech companies in the S&P 500 rising over 1.5% while the Philadelphia semiconductor index ( SOX ) also gained more than 1.5%.
In company news:
Components manufacturer Methode Electronics ( MEI ) on Friday said it was boosting its quarterly cash dividend by 22% compared with its prior distribution to $0.11 per share, payable Jan. 26 to shareholders of record on Jan. 12.
Among technology stocks moving on news today:
In other sector news:
+ Longfin ( LFIN ) more than tripled in value on Friday, racing to a best-ever $18.44 a share after the specialty software company said it has acquired Ziddu.com, a blockchain-powered microlending platform that uses Ziddu Coins, a cryptocurrency loosely pegged to Ethereum and Bitcoin. Financial terms of the transaction were not disclosed.
+ Glu Mobile ( GLUU ) was little changed in recent trading after the mobile games producer today launched The Swift Life, an interactive application helping fans of pop sensation Taylor Swift to connect with each other and view photos and posts from the musician.
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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.
