By Benjamin Pimentel, MarketWatch
SAN FRANCISCO (MarketWatch) -- Shares of Yelp Inc. and LinkedIn
Corp fell sharply Friday weighing down the technology sector.
Yelp (YELP) slid 6.7% to close at $59.76, while LinkedIn (LNKD)
fell 8.4% to close at $147.73. LinkedIn dropped a day after the
professional networking company posted a loss and a disappointing
outlook.
Expedia (EXPE) also saw its stock fall 3.7% to close at $71.15
after the online travel site reported a first-quarter loss.
The Nasdaq Composite Index (RIXF) slipped 0.1% to close at
4,124. The benchmark ended the week with a 1.2% gain.
The Morgan Stanley High Tech 35 Index (MSH) and the Philadelphia
Semiconductor Index (SOX) were each up a fraction on Friday.
The chip sector helped boost the sector with Texas Instruments
(TXN) rising 1.2% to close at $45.78. Also giving the group a lift
were shares of eBay Inc. (EBAY) which were up 0.6% to close at
$52.01.
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