Few after-hours traders stick around to play the market on Friday evenings (better things to do, perhaps.) But those who were in the game tonight were bidding technology stocks higher.
, the volume leader on the after-hours trading platforms this evening, rose 1% to $15.75 on
ECN. The networking giant gained 2.6% during the regular session, even as
analyst Paul Sagawa
cautioned investors that telecommunications carriers may cut back on spending by as much as 20%.
Stocks in the optical sector attracted investor attention as well. On Island, where primarily Nasdaq stocks are traded,
increased 1.2% to $19.60 and
lifted 1.3% to $50.93.
After reiterating its capital spending outlook at an analyst meeting yesterday,
popped 5.4% to $30.18 during the regular session today. And it gained an additional 0.9% on Instinet tonight.
Other stocks on the move on Instinet included
, up 0.5% to $26.12 and
, higher by 0.2% to $18.75.
This information is provided by Instinet, a wholly owned subsidiary of Reuters (RTRSY) . For further information, please contact Instinet at www.instinet.com.
Island ECN, owned by Datek Online, offers trading, mainly in Nasdaq-listed stocks, from 7 a.m. to 8 p.m. EST.
explains how the rules change when the sun goes down in Investing Basics: Night Owl, a section devoted to after-hours trading.