The Traderszone Network

Published in TZ Latest News 27 May, 2015 by The TZ Newswire Staff

Chips Drive Nasdaq, Stock Market Higher; SOX Surges 3.9%

Merger. Mania. Again. Another potential blockbuster deal in the ever-evolving semiconductor sector helped light a fire among technology stocks Wednesday as the rest of the stock market followed higher. The Nasdaq composite led with a 1.5% rebound, more than recouping Tuesday’s 1.1% decline. Volume increased nearly 5%, a positive sign for the bulls; it indicated that institutional trading desks had gotten busier and demanded more stocks.

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