Late Market Roundup

The technology stocks gained today after losing in the early morning trading. The sector made an effort to close H1 in the positive territory. The NASDAQ Composite Index (COMP) gained 0.4% after falling about 4% yesterday. NASDAQ has lost 5.4% in the first half of 2010. The stocks that posted gains in the sector were SanDisk Corp (NASDAQ: SNDK), Research In Motion Inc (NASDAQ: RIMM) and Microsoft Corp (NASDAQ: MSFT).

Shares of American International Group Inc (NYSE: AIG) and Citigroup Inc (NYSE: C) posted gains today, as they recovered from yesterday’s losses. AIG’s shares moved up about 2% after the former executive Joseph Cassano testified before the Financial Crisis Inquiry Commission.

Shares of most gold and silver mining companies moved up after analysts at UBS AG (NYSE: UBS) raised their price target on gold and silver mining companies. The stocks that gained were Iamgold Corp (NYSE: IAG) and Barrick Gold Corp (NYSE: ABX). Some US metals and miners whose targets were raised were Cott Corp (NYSE: COT), Eldorado Gold Corp (NYSE: EGO), Goldcorp Inc (NYSE: GG) and Agnico-Eagle Mines Ltd (NYSE: AEM).

Campbell Soup Co (NYSE: CPB) has planned to sell $400 million in debt. According to Informa Global Markets, the company is likely to price the debt today. As mentioned by CPB in a regulatory filing, the proceeds from the sale of the 7-year debt would be used for general corporate purposes, such as repaying commercial paper or "funding all or a portion of the purchase price of any acquisition.”

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