It's probably because of the mixed performance of the semi equipment stocks.
SEMIndex (www.semindex.org) Closes
at 132.02, Up 1.22
MOUNTAIN VIEW, Calif., April 5 /PRNewswire/ --
SEMIndex, a global equity index of 63 manufacturers of semiconductor equipment and materials, closed today at 132.02, up 1.22 or 0.93 percent from its previous close of 130.80 on Thursday, April 1.
''While the broad market was up, technology, and specifically semiconductor equipment, was somewhat mixed with winners and losers,'' explained Robert Maire, equity analyst with Donaldson
Lufkin & Jenrette, Inc. ''The SEMIndex winners included Applied Materials (Nasdaq: AMAT - news), KLA-Tencor (Nasdaq: KLAC - news), PRI Automation (Nasdaq: PRIA - news) and Veeco Instruments (Nasdaq: VECO - news). There are other companies in the sector which had
fractional loses or gains. It is clear there is still some weakness in the sector due to uncertainty about the sustainability of the recovery of the personal computer market.''
The specialized technology index was initiated on January 4, 1999, the first trading day of the new year at a value of 100 by SEMI, a Mountain View, Calif.-based trade association which represents
2,300 companies worldwide. SEMIndex is produced and maintained by Thomsom Investors Network, a subsidiary of Thomson Financial Services, a firm comprised of multiple business units servicing the financial services industry.
SEMI maintains offices in Austin, Beijing, Boston, Brussels, Hsinchu (Taiwan), Moscow, Seoul, Singapore, Tokyo and Washington, D.C.
SOURCE: SEMIndex
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I just heard on CNBC that Intel is due to report earnings today, and they are going to be better than expected, so that might move this sector up again.
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