Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL

APPLE INC. (AAPL)

Delayed Quote. Delayed  - 05/27 09:59:59 pm
100.35 USD   -0.06%
01:59pDJAPPLE : Indian Ministries Divide on Apple's Retail Vision
11:47a APPLE : Push for encryption law falters
09:26aDJAPPLE : India's Trade Ministry To Seek Local Sourcing Rule Waiver fo..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

TECH STOCKS: Nasdaq Back Under 3,000, LinkedIn Leaps

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/04/2012 | 04:21pm CEST

By Benjamin Pimentel, MarketWatch

SAN FRANCISCO (MarketWatch) -- Technology stocks were in broad retreat Friday morning as the Nasdaq Composite Index slipped back under 3,000 after U.S. stocks fell on weaker-than-expected job growth in April.

The Nasdaq (RIXF) shed more than 1% to 2,984, shares of major tech companies slid into the red. The last time the benchmark was below the 3,000 mark was April 24.

Cisco Systems (>> Cisco Systems, Inc.) was down 2%, while Intel Corp. (>> Intel Corporation) shed 1%, as the two stocks became two of the worst performers on the Dow Jones Industrial Average. The Dow (DJI) was down 92 points.

On the upside, shares of Micron (>> Micron Technology, Inc.) also were up by more than 5% on media reports that the semiconductor company has apparently won the bidding for the failed Japanese memory chip maker Elpida.

Shares of LinkedIn (>> Linkedin Corporation) jumped 10% a day after the professional social networking reported a surge in earnings.

"We are positive on LinkedIn's business and believe it will be difficult for competitors to challenge its leadership position," Needham analyst Kerry Rice said in a note. "The company's large addressable market is underpenetrated, in our view, and an improving economy should benefit LinkedIn's growth"

But there were questions on how much the economy has improved after April's employment numbers came in below forecasts.

Also in negative territory were shares of Apple Inc.(>> Apple Inc.), which shed 1.6%, Oracle Corp.(ORCL), down 1.7% and Microsoft Corp.(>> Microsoft Corporation), which traded down 1.3%.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on APPLE INC.
01:59pDJAPPLE : Indian Ministries Divide on Apple's Retail Vision
11:47a APPLE : Push for encryption law falters
09:26aDJAPPLE : India's Trade Ministry To Seek Local Sourcing Rule Waiver for Apple
07:07a BOOTING UP : Apple logic falls far from tree
05/28 APPLE : Pay service launches in Singapore
05/28 Chinas Huawei slaps Samsung with patent infringement suit
05/27 AFTER THE IPHONE : Apple eyes Time Warner and TV for its next act
05/27 APPLE : SECU now offers mobile payments through smart phones
05/27 APPLE : New Business Launches Blue Ocean Strategy To Turn The Traditional Consul..
05/27 APPLE : 50% of Chinese Consumers Buy Smartphones Online
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials