Against the current: Markets slid, yet ASML Holding, Applied Materials, Lam Research Corp went up and made this list of yesterday's top technology stocks gainers.
Leading equity indices in the US declined as S&P 500 slipped 0.67% and closed at 3,695. Nasdaq closed at 10,681, a 0.85% change.
This downslide might be related to financial indicators data published earlier as data from United States concerning Crude Oil Inventories was released yesterday at 14:30 UTC. Newly published figures emphasized continued decline from last month's figure of 9.88 million to -1.73 million this month.
Despite markets falling yesterday, some technology stocks managed to go up. Have a look at these top gainers.
Adobe | +2.34% at $299.83
An influx of buyers helped the digital media software company to end the session higher around $299.83, while establishing a $292.7 to $303.71 session range yesterday. Daily trading volume (5.53 million shares) was slightly greater than the current multiday average of 4.57 million.
Applied Materials | +2.7% at $77.26
Approximately 9 months ago, the manufacturing equipment, services and software provider reached a significant high of $167 but has struggled to hold onto its gains and declined 54.95% since then. So far in 2022, it has been doing worse than the Nasdaq by 4.53%. The company has a market cap of $66.47 billion with an average daily trading volume of 9.41 million shares. $6.52 billion was Applied Materials's last reported revenue with $1.94 being the current EPS.
ASML | +6.27% at $424
After ending Tuesday at $399, ASML went up to $431.85 only to drop back, yet still traded well overall and closed at $424 yesterday. Daily trading volume (2.44 million shares) increased, making up 173% of the 21-day average (1.41 million).
Lam Research | +2.49% at $330.08
An influx of buyers helped the wafer fabrication equipment company to end the session higher around $330.08, while establishing a $318.68 to $332.19 session range yesterday. Daily trading volume (2.62 million shares) increased, making up 108% of the 21-day average (2.43 million).