Tech stocks are higher except for HP and Netflix

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Source: Marketwatch
© Scanpix/AFP
Tech stocks increased on Tuesday: Nvidia Corp. edged up by 2% while Brocade Communications gained 6%. The overall indicator of the industry the Nasdaq composite index increased by 0.3% and Philadelphia Semiconductor Index increased 0.3%. However, HP suffered losses by 4% after the company cut its projected growth forecast. The Netflix Inc. declined by more than 4% after announcement about the sale of $400 million of shares and debt.
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Tue, 22 Nov 2011 17:16:55 GMT

Pound increased as US GDP growth forecast declines

The pound covered losses against USD after six-week low. US government announced a cut in US GDP growth forecast that caused greenback's decline against pound.   GDP/USD rose by 0.07% to 1.5654. However, the pound was slightly lower against other currencies. EUR/GDP increased by 0.18% reaching 0.8639.

Tue, 22 Nov 2011 15:28:12 GMT

Spain's borrowing costs exceed those of Greece

Spain's 3-month borrowing costs reached 5.11% more than double the rate requested during previous auction last month. Even Greece has lower yields for 3-month notes as Treasury paid 4.63% for 13-week bonds. Surge in Spanish yields took place after recently elected People's Party asked EU to rescue nation as it cannot afford to pay 7% on its 10-year debt.

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