TECH STOCKS: Apple Rises, Amazon Sinks As Techs Trade Sideways
August 13 2009 - 10:52AM
Dow Jones News
By Benjamin Pimentel
The tech sector traded sideways Thursday morning, as Apple Inc.
posted gains, while Amazon.com retreated.
Apple (AAPL) was up 1.2% in early trading, while Amazon (AMZN)
fell 1.7%.
After posting gains at the opening bell, the Nasdaq Composite
Index (RIXF) sank 0.2% to 1,994. The Morgan Stanley High Tech 35
Index (MSH) was up 0.1%, while the Philadelphia Semiconductor Index
(SOX) was mostly flat.
Aside from Apple, the sector got a boost from other major
players, including Google Inc. (GOOG), Texas Instruments (TXN) and
Dell Inc. (DELL)
But the group was weighed down by declines in shares of SanDisk
Corp. (SNDK), eBay Inc. (EBAY) and IBM Corp. (IBM)