Sector roundup: Investment banks, chips
Among the sector activity stories for Monday, May 12, from AP Financial News:
NEW YORK (AP) -- Investment bank stocks gained with the broader market Monday, as a Wachovia Capital Markets analyst said that trends for initial public offerings and mergers and acquisitions are improving.
NEW YORK (AP) -- The chip sector rose Monday, helped by Advanced Micro Devices Inc., which jumped on signs that its once lackluster business performance is improving. 