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Investor Midday: Chip-equipment stocks lead techs

A chip-equipment rally and good economic news helped technology stocks forget Cisco Systems-inspired woes at midday Thursday. The Nasdaq rose 1.
Written by ZDNET Editors, Contributor
A chip-equipment rally and good economic news helped technology stocks forget Cisco Systems-inspired woes at midday Thursday.

The Nasdaq rose 1.71 to 2,157, and the Dow Jones industrial average gained 62.14 to 10,928.60.

The day's economic news was upbeat across the board. The number of Americans lining up for first-time unemployment benefits last week fell sharply to a level not seen in more than a month, the government said Thursday. Full story --Tiffany Kary ZD Inter@active Investor

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