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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
05/17/201316:38:44TECH STOCKS: Tableau, Marketo IPOs Stand Out In Tech Stocks
05/17/201314:16:47TECH STOCKS: Facebook, Two IPOs Stand Out For Tech Stocks
05/17/201310:58:13TECH STOCKS: Facebook Among Tech Gainers On IPO Anniversary
05/06/201315:20:14Adobe Systems to Focus on Web Software
05/06/201315:08:21Adobe Systems to Break Out of Box by Focusing on Web Software
02/26/201316:55:25TECH STOCKS: Apple Shares Rally On Stock-split Speculation
02/26/201315:22:12TECH STOCKS: Apple Shares Gain On Stock Split Speculation
02/26/201311:11:41TECH STOCKS: Intel, Autodesk Rise In Mixed Tech Action
02/26/201309:07:23U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
01/29/201305:55:46Software Companies Find Tax Advantages in the Cloud
12/10/201218:30:07It's Official: High-Grade Debt Sales Snatch Annual Record
11/16/201216:34:25TECH STOCKS: Aside From Dell, Most Tech Stocks Close With Gains
08/24/201217:06:33TECH STOCKS: Amazon Hits All-time High, Autodesk Plunges
08/24/201212:28:59TECH STOCKS: Autodesk's Plunge Highlights Tech Action
08/24/201210:32:18TECH STOCKS: Autodesk's Plunge Highlights Tech Retreat
07/17/201209:27:51Autodesk To Acquire Socialcam for $60 Million in Cash
05/18/201209:22:29US STOCK FUTURES: HOT STOCKS TO WATCH
03/27/201215:50:11Autodesk Introduces New Software, Emphasizing Cloud Offerings
11/16/201116:58:06US Stocks Tumble At End Of Volatile Trading Day
08/18/201117:06:35Autodesk 2Q Profit Up 19% As Revenue Rises; Results Top Company...

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