The Nasdaq (INDEX:^IXIC) jumped up nearly 2.2% today, and there were several winners from the big uptick. Apple (NASDAQ: AAPL) shares were up 7.2% today, and with them, Apple supplier Cirrus Logic (NASDAQ: CRUS), which had taken a hit recently as Apple share prices fell. Another winner from the day's rally was NVIDIA (NASDAQ: NVDA), which didn't see quite the jump as Apple or Cirrus but still closed up 2.8%.
Senior technology analyst Eric Bleeker notes that today offered a sneak peak at the volatility investors could be looking at throughout the tail end of the year as fiscal cliff negotiations begin. He cautions investors not to look too much into any one-day gains, as we're moving into an environment driven less by the underlying stocks, and more by the twists and turns in the political realm.
To see his full thoughts, watch the following video.
Eric Bleeker owns shares of NVIDIA and Cirrus Logic. The Motley Fool owns shares of Apple and Cirrus Logic. Motley Fool newsletter services recommend Apple and NVIDIA. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.