Top Narrow Based Indexes For March 16 (IFFNY, AMD, CMM)
With the Fed holding interest rates at a record low, the market has been reflecting positive sentiments so far. While the Dow Jones Industrial Average added around 21 points to trade at 10,662.93, Nasdaq moved up 9.67. Some narrow based indexes are, however, posting gains. These include Broad-Based Semiconductor Stocks, which have gained 2.4%, Digital Semiconductor Stocks, up 2.0%, and Chinese Advertising Stocks, moving 2.0% higher as a group.
In Tickerspy's Broad-Based Semiconductor Stocks complex, Infineon Technologies (OTC: IFFNY) has added 3.41% so far today.
The best performing Tickerspy Digital Semiconductor stock has been Advanced Micro Devices (NASDAQ: AMD), which has moved up 5.61% today. AMD rose with the server chip battle heating up, following the launch of the latest version of its Xeon processor by Intel Corp (NASDAQ: INTC).
China Mass Media Corp (NASDAQ: CMM) is today’s leading Tickerspy's Chinese Advertising stock, gaining 3.35%. The television advertising company’s Q4 earnings and revenues had exceeded estimates.
