Tech shares rally on first trading day of 2018 led by chips, software
Tech shares rallied on the first day of trading in 2018 Tuesday with shares of chipmakers and software publishers leading the charge. The tech-heavy Nasdaq Composite Index rose 1.3%, outpacing the 0.6% gain on the S&P 500 Index and the 0.2% rise in the Dow Jones Industrial Average . The PHLX Semiconductor Index rallied 2.1%, led by a 6.4% jump in shares of Advanced Micro Devices Inc. and a 4.8% surge in Micron Technology Inc. shares. Other chipmakers with notable gains were Nvidia Corp. , up 2.1%, Broadcom Ltd. , up 3.3%, and Teradyne Inc. , up 5.1%. Notable software gains included Electronic Arts Inc. , up 4%, Symantec Corp. , up 2.7%, and Salesforce.com Inc. , up 2.2%. Other big tech movers included Netflix Inc. , up 5%, and Alibaba Group Holding Inc. , up 5.8%, while shares of Facebook Inc. rose 2.7%, and shares of Alphabet Inc. and Apple Inc. were up nearly 2%.
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