MIdday Nasdaq Perks Up as Apple Recovers

By Jonah Loeb Dec 06, 2012 3:18 pm

Also, Zynga is generating some buzz.

MINYANVILLE ORIGINAL The Nasdaq Composite Index (INDEXNASDAQ:.IXIC) had risen 0.56% to 2,990.44 as of 2:50 p.m. EST today after Apple (NASDAQ:AAPL) shares bounced back from yesterday’s weak performance. The tech giant saw its share price rise 1.09% to $544.74 after T-Mobile’s parent company Deutsche Telekom (ETR:DTE) announced that it would begin selling Apple products next year.

In other tech news, Sirius XM Radio (NASDAQ:SIRI) saw its shares pop on huge volume, rising 1.26% to $2.80 on 106,813,428 shares traded after the company announced a common stock repurchase program worth around $2 billion. Embattled gaming company Zynga (NASDAQ:ZNGA) also had a good day, rising 6.47% to $2.48 on excitement about its proposals to bring real-money gaming to the US.

Facebook (NASDAQ:FB) saw its stock fall 2.45% to $27.02. There was speculation today that the social networking company would soon join not just the Nasdaq-100 but also the S&P 500, since the requisite six months have passed since its IPO. Finally, Lululemon Athletica (NASDAQ:LULU) jumped 6.28% to $72.89 after reporting sales and quarterly earnings that beat estimates.