Tech stocks got off to a slightly higher start Friday morning. The Nasdaq traded up about 0.3%, the S&P 500 up by around 0.2%, and the Dow Jones industrials were up 0.2% shortly after the opening bell. All three closed lower on Thursday.
Unlike Thursday, there is no inflation report was due out Friday, and markets may get a bit of a boost from that. The University of Michigan’s consumer sentiment report is due out in the morning.
Tech and communications stocks came out of the chute up by about 0.2% each. Seven of 11 market sectors traded higher in the first few minutes of trading Friday morning with utilities up 0.6% and energy up 0.5%.
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Here are 14 Nasdaq 100 index stocks that were making the biggest moves early Friday.
VeriSign Inc. (NASDAQ: VRSN | VRSN Price Prediction) traded up 5.4%, at $224.17 in a 52-week range of $184.60 to $257.03. The company beat earnings estimates on both the top and bottom lines late Thursday.
Zoom Video Communications Inc. (NASDAQ: ZM) traded down by about 2.6%, at $146.15 in a 52-week range of $134.70 to $451.77. The company had no specific news Friday morning.
Datadog Inc. (NASDAQ: DDOG) traded up about 2.1%, at $4178.36 in a 52-week range of $69.73 to $199.68. KeyBanc Capital Markets raised its rating on the shares from Sector Weight to Overweight. The price target is $210. Several other software stocks received a boost from this upgrade as well.
Splunk Inc. (NASDAQ: SPLK) traded up about 1.0%, at $119.16 in a 52-week range of $105.45 to $176.66. The company had no specific news.
Okta Inc. (NASDAQ: OKTA) traded up about 0.9%, at $198.05 in a 52-week range of $171.86 to $294.00. The company had no specific news.
Workday Inc. (NASDAQ: WDAY) traded up about 0.8%, at $241.46 in a 52-week range of $217.60 to $307.81. The company had no specific news.
Micron Technology Inc. (NASDAQ: MU) traded up by about 1.8%, at $92.55 in a 52-week range of $65.67 to $98.45. The company had no specific news.
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On the negative side, chipmakers and semiconductor equipment makers were taking modest losses early Friday.
Nvidia Corp. (NASDAQ: NVDA) was down about 0.9%, at $255.91 in a 52-week range of $115.67 to $346.67. The company had no specific news.
Advanced Micro Devices Inc. (NASDAQ: AMD) traded down about 0.8%, at $124.77 in a 52-week range of $72.50 to $164.46. The company’s acquisition of Xilinx is expected to be completed on Monday or soon thereafter.
Skyworks Solutions Inc. (NASDAQ: SWKS) traded down by about 0.4%, at $140.31 in a 52-week range of $129.72 to $204.00. The company had no specific news.
ASML Holding N.V. (NASDAQ: ASML) traded down about 0.7%, at $651.75 in a 52-week range of $501.11 to $895.93. The company had no specific news.
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Applied Materials Inc.(NASDAQ: AMAT) traded down about 0.7%, at $138.75 in a 52-week range of $105.50 to $167.06. The company had no specific news.
Atlassian Corp. PLC (NASDAQ: TEAM) traded down about 1.3%, at $341.72 in a 52-week range of $198.80 to $483.13. The company had no specific news Friday morning, but there was a report Thursday that Atlassian was considering moving its headquarters from the United Kingdom to the United States.
Synopsys Inc. (NASDAQ: SNPS) traded down about 1.1% at $307.60 in a 52-week range of $217.69 to $377. 60. The company had no specific news.
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