SUNW Calls Rocket; Nasdaq Returns To 4K
With no big surprises from Alan Greenspan’s testimony on Captitol Hill Tuesday, tech stocks celebrated by running the Nasdaq back above 4000. Semiconductors and insurance were the
top sectors while health care and biotech were the weakest.
By the close, the VIX had decreased .78 to 21.66.
The OEX 800 calls finished up 3/4 to 17 5/8.
Among bigger movers on heavier-than-expected volume:
Sun Microsystems
(
SUNW |
Quote |
Chart |
News |
PowerRating) added to early gains to close up 8 9/16 to 109.
The SUNW August 95 calls finished up 6 7/8 to 15 7/8 on more than 10,000
contracts.
Qualcomm
(
QCOM |
Quote |
Chart |
News |
PowerRating) added 4 3/4 to 68 3/8 while the Qualcomm August 70 calls
rose 1 1/4 to 4 1/8 on more than triple the average volume.
Global Crossing
(
GBLX |
Quote |
Chart |
News |
PowerRating) jumped 2 3/8 to 29 1/4 while the Global Crossing
August 30 calls gained 11/16 to 2 on heavy volume of 11,000 contracts.
Computer maker Compaq
(
CPQ |
Quote |
Chart |
News |
PowerRating) gained 1 3/16 to 28 1/8 following yesterday’s
selloff in the box makers. The Compaq August 25 calls rose 1/2 to 3 1/8 on more
than 13,000 contracts.
Looking ahead, the employment cost index will be released Thursday at 8:30 AM
ET, and estimates call for a 1.1% increase.