Late technology rally boosts broader market

Investors shrugged off a profit warning from Texas Instruments and pumped more money into the technology sector yesterday, lifting…

Investors shrugged off a profit warning from Texas Instruments and pumped more money into the technology sector yesterday, lifting the Nasdaq and the broader market.

Dealers said stocks opened higher and spent most of the session in positive territory.

They noted strong demand for technology stocks, and said investors were not especially upset by a new profit warning from Texas Instruments, although that stock posted losses.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up to the Business Today newsletter for the latest new and commentary in your inbox

  • Listen to Inside Business podcast for a look at business and economics from an Irish perspective