Business

Market Movers

Intel shares get a lift from rating upgrade

Piper Jaffray analysts see strong chip sales for tablets.

EPA

Piper Jaffray analysts see strong chip sales for tablets.

One bright spot in Monday’s sea of red were technology stocks. Intel Corp. was the biggest gainer in the Dow after getting an upgrade from Piper Jaffray. The investment bank predicted strong sales for chips used in tablet computers and mobile devices and boosted its rating for Intel from “underweight” to “neutral.” Shares of other major tech stocks rose as well. Apple Inc. rose $5.41, or 1.1 percent, to $507.74, and Google Inc. rose $8.74, or 1 percent, to $865.65.

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