By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- Tech stocks mostly retreated
Thursday, following the broader market as investors showed more
concern about the growing crisis in Ukraine.
The government in Kiev said Russian troops have entered the
eastern part of Ukraine and a NATO military official told Dow Jones
Newswires that Russia's army has taken a "more overt" position in
the country.
As investors got into the day's market activity, the tech-heavy
Nasdaq Composite Index (RIXF) fell 16 points to 4,553, and the
Philadelphia Semiconductor Index (SOX) was also in the red.
(Read more about the market's reaction to the Ukraine situation
in Market Snapshot
http://www.marketwatch.com/story/us-stocks-futures-slip-ahead-of-gdp-data-2014-08-28.).
Cloud-based human-resource software company Workday Inc. (WDAY)
gave up 2% to fall to $88.29 after reporting a wider second-quarter
loss, but its results still exceeded Wall Street analysts
forecasts.
Yelp Inc. (YELP) gave up 1.2% to trade at $81.90 a day after a
Goldman Sachs report said the online review and recommendation
company, and some other Internet companies, could be attractive
acquisition targets this year.
Declines also came from Hewlett-Packard Co. (HPQ), Netflix Inc.
(NFLX), Amazon.com Inc. (AMZN) and IBM Corp. (IBM).
Twitter Inc. (TWTR) shares rose 3.3%, to $49.64, as the
microblogging company released its Twitter analytics dashboard to
all of its users, giving anyone with a Twitter account the ability
to see just how many people are reading their tweets.
Small gains also came from Apple Inc. (AAPL), Yahoo Inc. (YHOO),
Lexmark International Inc. (LXK) and VMware Inc. (VMW).
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