Cisco Rises 1.5% as Techs Rebound

Author:
Publish date:

Tech bellwether

Cisco Systems

(CSCO) - Get Report

was up 1.5% in active late afternoon trading after being down much of the day. Other key tech stocks also erased early losses as bargain hunters moved in.

Sun Microsystems

(SUNW) - Get Report

was up 2% to $120.25 after sliding as low as $114.63 in early afternoon.

Intel

(INTC) - Get Report

, which managed

to buck the downturn, gathered energy in midafternoon and was up 4.8%. The

Semiconductor Index

(SOX:NYSE) turned higher and was up 0.5%.