The volatility began when Moody's Investors Service downgraded two of France's three big banks and said it may downgrade the other. Stocks sold off in Europe but rebounded on reports that China might be willing to buy eurozone bonds.
Technology stocks were leading the market, led by gains for semiconductor stocks, which have been on a tear this week as the stock market has rebounded from Friday's drubbing.
Sirius XM Radio Inc (NASDAQ:SIRI) augmented 1.48% to $1.71. In the last one month, the stock went down more than 8%. The 52-week range for the stock is $1.04 and $2.44.
Cisco Systems, Inc (NASDAQ:CSCO) soared 0.8% to $16.49. Stifel Nicolaus restated a buy rating on the stock and increased its price target to $20 from $17.
Netflix Inc (NASDAQ:NFLX) moved down 0.40% to $207.88. The 52-week range for the stock is $140.02 and $304.79. The Company has Price/Sales ratio of 4.13 and Price/Book ratio of 32.83. The 50-Day Moving Average and 200-Day Moving Average prices is $234.23 and $242.38 respectively.
Juniper Networks Inc (NYSE:JNPR) went up 0.70% to $21.63. FiberLight LLC selected Juniper Networks MX Series 3D Universal Edge Routers to deliver its dedicated IP platform.
Dell Inc (NASDAQ:DELL) surged up 2.44% to $14.74. The board of directors approved an additional $5 billion share buyback plan. The Company had spent $1.6 billion on stock repurchases in the first half of the year. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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