Big Cap Tech Apparently Unfazed by Sovereign Debt Fears

Maybe they’re still basking in the afterglow of this week’s great Cisco ($CSCO) report.  Or maybe the new IT Upgrade Cycle as Cost-Cutting theme is the real deal.  For whatever reason, techs have held up extremely well during this week’s market tumult.

Here’s a look at the top up stocks on the Nazz by volume right now (12:15) …this is happening with the Dow firmly under 10k and materials still behind the woodshed.

(Data source: MarketWatch)

Nasdaq   Most Active by Price Up

Symbol Company Last Chng. % Chng. Volume $ Traded
CSCO Cisco Systems Inc 23.4699 +0.3099 +1.34% 40,101,398 941,175,801
INTC Intel Corporation 19.28 +0.26 +1.37% 36,783,028 709,176,780
ETFC E*Trade Financial Corp 1.465 +0.015 +1.03% 22,881,734 33,521,740
AMAT Applied Materials Inc 12.01 +0.21 +1.78% 17,958,872 215,686,053
ORCL Oracle Corporation 23.34 +0.23 +1.00% 17,016,533 397,165,880
AAPL Apple Inc 193.31 +1.26 +0.66% 14,823,997 2,865,626,860
DELL Dell Inc 13.05 +0.04 +0.31% 13,552,563 176,860,947

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Nice to see a little bit of decoupling this afternoon.  Not all stocks should be hit equally each time the market gets the jitters.  Have a great weekend, guys.