Tech Stocks Spark Late-Day Nasdaq Rally

Three hours ago, the Nasdaq was down 20 points and appeared doomed to its fourth straight lost day. By the time the market closed on Monday, the tech stock-heavy index was up half a percent – the only U.S. market to post any meaningful gains today.

Tech giants Google (Nasdaq: GOOG) and Apple (Nasdaq: AAPL) made modest gains. Amazon (Nasdaq: AMZN) made a more meaningful leap forward, popping 3%. Even Netflix (Nasdaq: NFLX) had a rare good day, gaining 3.25%.

But it was the small-time tech companies that were the biggest movers. Here are several Nasdaq stocks to keep an eye on after they made large strides today:

  • Cleveland BioLabs (CBLI): This biotech stock was the day’s biggest winner, with a 63% jump. Successful results from a recent study into the survival of lethally irradiated animals was the catalyst behind today’s move.
  • Concur Technologies (CNQR): This mid-cap software company popped 7% today on news that the U.S. government accepted its offer to become the new provider for all the General Services Administration’s online bookings, travel authorizations and voucher processing – something is designed to save taxpayers money, in the long run.
  • Pharmacyclics (PCYC): The drug maker’s stock jumped 6.35% today after data showed that the company’s clinical trial on an experimental lymphoma drug is working.
Published by Wyatt Investment Research at