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TECH STOCKS: AMD Leads Tech Retreat, But Netflix, Apple Gain

By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) -- The tech sector stood in negative territory in early post-holiday trading, as shares of Advanced Micro Devices headed south after Sterne Agee downgraded its rating to neutral. AMD (AMD) shed nearly 3% to $5.86 on Thursday, ranking as one of the worst performers within the S&P 500 index. Analyst Vijay Rakesh cut his rating on the chipmaker, citing expectations for a slowing personal computer market. "We believe the slowing PC market limits upside," Rakesh wrote. "While AMD continues to execute, material upside to consensus might be limited given PC transition and competitive headwinds." The Philadelphia Semiconductor Index (SOX) fell 2%, while the Nasdaq Composite Index (RIXF) slipped a fraction to 2,960. Within the Dow Jones Industrial Average, tech components Intel Corp. (INTC) and Cisco Systems (CSCO) were among the top decliners, as Wall Street reacted to the European Central Bank president's comments on downside risks to euro-area growth. On the upside, shares of Netflix Inc. (NFLX) jumped more than 8% to $78.22, while Yelp Inc. (YELP) saw its stock gain about 10% to $27.20. Shares of Apple Inc. (AAPL) were also up, gaining nearly 1% at $604.75 in the early going.

Stock News for Apple (AAPL)
DateTimeHeadline
11/25/201416:00:17Spotify's Revenue Rose in 2013, But Losses Continued - 2nd Update
11/25/201415:58:38Apple Shields Information in GT Advanced Creditor Probe
11/25/201415:35:53MARKET SNAPSHOT: S&P 500, Dow Hit Records; Small-caps, Nasdaq...
11/25/201409:20:23Sony Vows to Return Smartphone Unit to Profitability
11/25/201409:06:32Sony Vows to Return Smartphone Unit to Profitability -- Update
11/24/201420:38:05Milk Studios Sues Samsung Over Use of Name
11/24/201418:30:14BlackBerry Targets iPhone Users With Promotion
11/24/201417:15:57MARKET SNAPSHOT: S&P 500, Dow Hits Records; Small-caps, Nasdaq...
11/24/201417:03:03TECH STOCKS: Redbox Owner Outerwall Among Tech Gainers
11/24/201413:25:27MARKET SNAPSHOT: U.S. Stocks Edge Higher On Low Pre-holiday Volume
11/24/201410:38:16MARKET SNAPSHOT: U.S. Stocks Edge Up, Set For More Records
11/24/201410:36:44MARKET SNAPSHOT: U.S. Stocks Edge Up, Topping Record Highs
11/24/201409:23:22MARKET SNAPSHOT: U.S. Stocks: Futures Higher At The Start Of...
11/24/201404:24:11Taiwan Output Hits New High, but Government Warns of Slowdown
11/21/201403:08:50China Mobile's Need for Speed -- Barron's Asia
11/20/201418:46:30Devices to Track Every Move You Make
11/20/201417:23:05TECH STOCKS: Apple Leads The Tech Sector Higher
11/20/201412:50:45TECH STOCKS: Apple Gains Help Tech Sector Rise
11/19/201421:27:34Billboard 200 Chart to Include On-Demand Streaming in Rankings...
11/19/201419:44:08Billboard 200 Chart to Include On-Demand Streaming in Rankings

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