S&P 500 top movers: XLNX jumps to five-month highs on upbeat revenue forecast
|- S&P 500 looks to end second quarter on a positive note.
- S&P Technology Index posts decisive gains on Tuesday.
- Chipmaker Xilinx shares rise sharply on upbeat revenue forecast.
Wall Street's main indexes started the last day of June in the positive territory and continued to edge higher, with the exception of the Dow Jones Industrial Average (DJIA). As of writing, the S&P 500 was up 0.85% on the day at 3,080, the Nasdaq Composite was gaining 1.13% and the DJIA was unchanged at 25,605.
Among the 11 major S&P 500 sectors, the Technology Index is up 1.2%. On the other hand, the defensive Utilities Index is posting small daily losses.
S&P 500 top movers
Chipmaker Xilinx Inc (XLNX) announced on Monday that the chipmaker sees the revenue for the first quarter in the range of $720 to $734 million, above analysts average estimate of $690.3 million. Boosted by this development, XLNX jumped to its highest level since late January at $99.40 and was last seen trading at $98.40, gaining 7% as the top-performer.
Meanwhile, Cosmetics manufacturer Coty Inc (COTY), which rose sharply on Monday, is losing 6.4% on the day at $4.43 amid profit-taking.
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