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Tech, health stocks rock

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smart_1 August 20, 2012 (Chinavestor) Health care and tech stocks led gains while services, transportation and consumer non-cyclical stocks dropped in August so far.

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Mindray Medical (NYSE:MR) rose 15% to over $35 from $30.61 at the beginning of the month, primarily responsible for the strength in the health care sector. Sina Corp. (NASDAQ:SINA), Qihoo 60 Technology (NYSE:QIHU, Changyou.com Inc. (NASDAQ:CYOU) and selected solar companies rose over 20% for August already, signaling that advances were a lot more universal among tech stocks.

China Mobile (NYSE:CHL), an index heavy weight, single handedly sank the services sector after a disappoining second quarter report. Chinese airliners succumbed to profit taking in August, weighing down the transportation sector.



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