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Technology Stocks : Semi Equipment Analysis

SOXX 303.84

+1.3%

Dec 22 4:00 PM EST

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From: Donald Wennerstrom	7/11/2006 2:50:39 PM
	of 95626

14:30 ET Dow +3.51, Nasdaq +1.93, S&P +0.68 [BRIEFING.COM] Buyers continue to show some resolve as all three of the indices spike higher and into positive territory for the first time today. Spearheading the reversal in sentiment has been the resilience by semiconductors in the face of broad-based weakness spurred by earnings concerns. As one of the worst performing industry groups within the influential Technology sector, the belief that a bottom has formed coupled with KLA-Tencor (KLAC 41.45 +2.12) saying it will exceed the top end of its Q2 bookings guidance of 9-11% has improved the overall tone. To wit, the tech-heavy Nasdaq was off as much as 1.0%, pushing its year-to-date decline to 5.0%, but is now holding just above the flat line. ..SOX +2.3%.

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