By Benjamin Pimentel, MarketWatch
SAN FRANCISCO (MarketWatch) -- Shares of Twitter rallied Tuesday
as the tech sector turned positive, sending the Nasdaq Composite
further from correction territory.
Twitter (TWTR) was up 8.5% in late-afternoon trades as other
major tech issues rose. The Nasdaq Composite Index (RIXF) reversed
up, adding 12 points to 4,035. At its lows of the day, it was 9.1%
below its March 5 closing high, bringing it close to a 10%
pullback, or what's known as a correction.
Apple (AAPL) was down 0.7%, while Google (GOOG) was down 0.1%.
Facebook (FB) shed losses, recently adding 0.3%.
Yahoo (YHOO) shares recovered, and were last up 1% ahead of the
Web portal's earnings report due after the closing bell.
Intel (INTC) also turned positive, and was last up 0.7%. The
chipmaker was also scheduled to report after the market closes on
Tuesday.
Shares of Cisco Systems (CSCO) tipped higher. IBM (IBM) gave up
a fraction, joining the top decliners on the Dow Jones Industrial
Average (DJI) which was up 83 points.
More news from MarketWatch:
Twitter buys social data provider Gnip
Pressure on Yahoo as Alibaba preps for IPO
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