Tech shares rise as EU agrees new bailout

Shares for technology companies have risen sharply today after a new multi-billion bailout deal was agreed by the European Union.

The new deal, worth €750 billion ($955 billion), was prompted after a market scare last week over sovereign debt, which saw technology and other shares plummet dramatically.

The turnaround today saw the majority of tech giants gaining between three and seven percent. At press time, this is how the companies are faring.

Microsoft (MSFT) is up 99 cents, or 3.5 percent, to $29.20.

Apple (AAPL) is up $15.64, or 6.6 percent, to $251.50.

Google (GOOG) is up $22.13, or 4.5 percent, to $515.27.

IBM (IBM) is up $3.94, or 3.2 percent, to $126.04.

Cisco (CSCO) is up $1.70, or 6.9 percent, to $26.41.

Intel (INTC) is up $1.11, or 5.2 percent, to $22.42.

Oracle (ORCL) is up $1.09, or 4.6 percent, to $24.50.

Hewlett-Packard (HPQ) is up $3.15, or 6.7 percent, to $49.88.

Nokia (NOK) is up $0.55, or 5.1 percent, to $11.30.

AMD (AMD) is up $0.53, or 6.4 percent, to $8.91.

Amazon (AMZN) is up 6.31, or 5 percent, to $131.29.

These, along with all other European shares, are continuing to climb as renewed confidence floods the European markets.