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Without any clear cause or catalyst, the stock market has turned upward to come in touch with the session high. Although natural resource plays like energy (+1.6%) and materials (+1.6%) continue to provide the most leadership, tech stocks (+0.6%) are chipping in.
As a group, tech stocks have been lagging resource-plays this session. However, since the group makes up the largest sector by market weight, their gains come with added influence. Among the strongest movers in the space, Apple (AAPL 337.09, +4.90) is up about 1.5% after a favorable analyst report was released this morning. In contrast, Cisco (CSCO 16.13, -0.14) continues to encounter selling pressure following its tempered guidance.
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