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.