Tech Stocks Spark Late-Day Nasdaq Rally

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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.
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