NEW YORK (

TheStreet

) -- The tech-heavy Nasdaq

posted modest gains Wednesday,

, adding a point to 2447.

Apple

(AAPL) - Get Report

shares rose 0.69% to close at $376.18 after news hit noting that

its iPhone 5 would be available

on

Sprint

(S) - Get Report

beginning in October.

Apple is also rumored to be

prepping a cheaper version of the iPhone 4

to keep up with aggressive growth and pricing from

Google's

(GOOG) - Get Report

Android-based devices.

HP

(HPQ) - Get Report

shares shot up 2.73% to close at $25.21 after investors had a few days to digest a pile of news that included the

ditching of its WebOS platform

and the discontinuation of its TouchPad tablet. The company also recently slashed

TouchPad pricing to $99

, down from its initial price of $399, which created a surge in demand among

consumers scrambling

to get a hold of the device.

Netflix

(NFLX) - Get Report

shares dropped 1.6% to close at $216.03 Wednesday after the company announced

a price hike last month.

Under the terms of the price increase, subscribers who wish to rent DVDs by mail as well as stream films will now pay 60% more. Shares of Netflix have dropped more than 27% since the announcement.

Despite their

Tuesday shine

related to news that Sprint will finally get the iPhone, shares of the telecom fell 3.9% to close at $3.45 Wednesday after reports circled that the carrier could be exploring a buyout of 4G partner

Clearwire

(CLWR)

. The company is reportedly in discussions with investors to fund a takeout of the remaining stake in Clearwire that it doesn't own.

Sprint holds a 54% stake in Clearwire.

Nokia

(NOK) - Get Report

shares dropped 5 cents to $6.06 after unveiling three Symbian handsets with near-field communication (NFC) technology. The new phones represent

an attempt to catch up with Apple and Google

in the smartphone market.

The handsets are aimed at users in the Asian market, where NFC is

used for services like mobile payments

.

--Written by Olivia Oran in New York.

>To follow the writer on Twitter, go to

http://twitter.com/Ozoran

.

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.