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Qualcomm Helps Chipmakers Rebound |
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Author: Elena Todorova
123jump.com
Last Update: 12:02 PM EDT June 13 2007
U.S. market averages continued to post gains, as easing rate concerns helped generate positive sentiment. Retreating bond yields fueled a rebound in rate-sensitive shares including banks, utilities and home builders. Among utilities, shares of Edison International added 1%, while FirstEnergy gained 0.6%. Shares of chip makers reversed from yesterday''s losses, with Qualcomm leading advances on the Nasdaq with a 1.8%. |
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