The tech sector is trading higher today, ahead of gains in the broader market. Semiconductors are showing relative weakness in the tech space, however, with the Philly Semi Index trading 0.8% higher. Among chips in the index, BRCM (-1.43%) is a notable laggard. Among other major indices, the S&P 500 is trading 0.8% higher while the NASDAQ is trading 1.2% higher. The QQQ, meanwhile, is trading 1.8% higher. Among tech bellwethers, MSFT (+4.0%) is showing notable strength.
In news today, TTWO (+2.7%), ERTS (0.0%), and ATVI (+0.9%) are trading higher following the Supreme Court's decision against violent video game limits.
Among the more notable analyst upgrades this morning, SINA (+5.2%) was upgraded to Neutral at Goldman, SFSF (+0.2%) was upgraded to Buy at Canaccord, and SAPE (+1.5%) was upgraded to Neutral at UBS. In downgrades, Ticonderoga downgrades MOLX (-3.5%) to Sell and CSCO (+1.1%) was downgraded to Neutral at Cowen.
There are no notable tech names set to report results today after the close.






