Rally Witnessed In The US Technology Sector Today

Technology stocks are treading in positive territory today, with Apple AAPL, Oracle ORCL and Research In Motion Ltd RIMM leading the rally. Shares of RIMM climbed 0.77% to $59.29 by 1:05 pm. The BlackBerry maker will announce its quarterly earnings on Thursday. Apple shares advanced 1.95% to $275.45, while Oracle rose 0.82% to $23.28. The tech sector’s other top performers include Amazon Inc AMZN, which soared 1.66% to $124.58 and eBay Inc EBAY, which rose 0.73% to $22.03 by 1:13 pm. Yesterday afternoon, Amazon slashed Kindle’s price to $189 from $259 in reaction to Barnes & Noble’s BKS reduction in the price of Nook, Kindle’s competing e-reader, by the same amount. The Nasdaq Composite Index, which tracks the performance of bellwether tech stocks, gained 0.53%, or 12.24 points, to 2301 by 12:21 pm. The Philadelphia Semiconductor Index also rose 0.51% and the Morgan Stanley High Tech 35 Index edged up 0.16%. Intel Corp INTC was the only decliner, with its stock slipping 0.24% to $21.14 by 12:23 pm. Read more from Benzinga's Markets.