iPhone mania lifted Apple’sshares to their second straight all-time high Wednesday, boosting technology stocks and helping the broader market overcome early weakness.
Intelrose 2% on news that it will supply chips for Apple TV, but the chip giant told Reuters it won’t supply chips for the iPhone.
Synchronosssoared 16% on news that its software will be used by Cingular for the iPhone.
Yahoogained 4% on a video distribution deal.
Adaptecfell on a drop in business from IBM.
Perficientgained on its outlook, while J2 Globaland Ramtronfell on warnings.
Solid results from Alcoakicked off earnings season on an upbeat note and lifted the broader market.
The Nasdaq rose 15 to 2459, the S&P 500 climbed 3 to 1414, and the Dow gained 25 to 12,442. Volume declined to 2.7 billion shares on the NYSE, and rose to 2.34 billion on the Nasdaq. Advancers led by a few issues on the NYSE, and 15-14 on the Nasdaq. Upside volume was 57% on the NYSE, and 73% on the Nasdaq. New highs-new lows were 149-25 on the NYSE, and 93-66 on the Nasdaq.