News Summary (HPQ, PAR, ORCL, AAPL, IBM, INTC, IFNNY, GENZ, SNY, BAC, C)

US Tech stocks moved up today, with Hewlett-Packard Co HPQ as the top performer in the list, after H-P approved a stock buyback worth $10 billion. Also, 3Par Inc PAR is planning to accept an offer of $2 billion or $30 per share from H-P. Some of the others movers in the list were Oracle Corp ORCL, Apple Inc AAPL, and IBM Corp IBM. Shares of Intel Corp INTC fell about 1.69%, after the company announced its plans to buy Infineon Technologies AG IFNNY. Shares of Genzyme Corp GENZ gained about 3.53% to lead the large-cap drug stocks today. Genzyme has rejected an unsolicited offer of $69 per share from Sanofi-Aventis SNY. The NYSE Arca Pharmaceutical Index (DRG) moved up about 0.24%, while the NYSE Arca Biotechnology Index (BTK) rose about 0.18%. The Financial Select Sector SPDR Fund (XLF) moved down about 0.87%, along with the broader market. Financial stocks were the top decliners in the S&P 500 Index. Shares of Bank of America Corp BAC lost about 1.27%, while Citigroup Inc C fell about 1.04%. Read more from Benzinga's Markets.