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TECH STOCKS: Techs Head South In Broad Market Sell-off

By Benjamin Pimentel Technology stocks fell sharply Tuesday, swept along in a broader market retreat triggered by financial worries in Europe and Asia. The Nasdaq Composite Index (RIXF) tumbled nearly 3% to 2,152 shortly after the open of trading, putting the tech benchmark more than 5% lower for the year to date. The Morgan Stanley High Tech 35 Index (MSH) also fell, down more than 2%, while the Philadelphia Semiconductor Index (SOX) tumbled more than 3%. Leading the decline were some of the tech industry's biggest players, including blue chips Intel Corp. (INTC), Cisco Systems (CSCO) and Hewlett-Packard (HPQ). Shares of Oracle Corp. (ORCL), Microsoft (MSFT) and Google Inc. (GOOG) all moved down more than 2%, while Yahoo Inc. (YHOO) fell more than 3%. Worse still, Autodesk Inc. (ADSK) and Baidu Inc. (BIDU) both dropped more than 4%. The Dow Jones Industrial Average (DJI) lost more than 200 points as investors rattled by tensions on the Korean peninsula and the financial crisis in Europe decided to sell out of positions.

Stock News for Autodesk (ADSK)
DateTimeHeadline
05/20/201609:43:00U.S. Hot Stocks: Hot Stocks to Watch
05/19/201616:03:06Current Report Filing (8-k)
05/19/201616:01:00Autodesk First Quarter Results Driven by Strong Subscription...
05/18/201608:00:00Autodesk to Present at Upcoming Investor Conferences
05/17/201609:10:00HP Looks to Make Its Mark in 3-D Printing
05/06/201616:05:19Additional Proxy Soliciting Materials (definitive) (defa14a)
05/03/201616:17:45Statement of Changes in Beneficial Ownership (4)
05/02/201616:07:57Additional Proxy Soliciting Materials (definitive) (defa14a)
05/02/201616:07:56Proxy Statement (definitive) (def 14a)
05/02/201608:00:00Autodesk Extends Invitation to Join Financial Results Conference...
04/27/201611:00:00Marvell Adds Directors to Settle with Starboard
04/25/201616:17:34Statement of Changes in Beneficial Ownership (4)
04/18/201608:00:00Autodesk Boosts Advanced Rendering Capabilities Through Acquisition...
04/12/201611:31:00Shareholder Alert: Levi & Korsinsky, LLP Announces the Commencement...
04/07/201616:35:17Current Report Filing (8-k)
04/07/201616:30:00Autodesk Directors Dawson and Halvorson to Not Stand for Reelection
04/06/201610:45:00Purcell Julie & Lefkowitz LLP Is Investigating Autodesk, Inc...
04/05/201616:15:56Statement of Changes in Beneficial Ownership (4)
04/05/201616:15:03Statement of Changes in Beneficial Ownership (4)
04/01/201617:21:07Statement of Changes in Beneficial Ownership (4)

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