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TECH STOCKS: Techs Edge Higher As Zynga, NetApp Rise

By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) -- Technology stocks were modestly higher on Tuesday, getting a lift from gains in shares of Zynga Inc. and NetApp Inc. Zynga (ZNGA) was up 2.7% at $6.24 ahead of a company event in which the social gaming developer was expected to unveil new products. NetApp (NTAP) added 2.7% to $30.98 as the data storage systems company kicked off its analyst event. Meanwhile, Microsoft Corp. (MSFT) saw its shares rise 1% to $30.19, one of the top gainers on the Dow Jones Industrial Average(DJI) . The Dow was up 23 points as Wall Street welcomed news of modest improvement in housing prices. The Nasdaq Composite Index (RIXF) edged higher by 0.7% to 2,856. The sector was weighed down by losses in shares of Dell Inc. (DELL), Hewlett-Packard Co. (HPQ) and Cisco Systems Inc. (CSCO) as J.P. Morgan cautioned that the impact of the European financial crisis "will likely persist for years." "We remain cautious on the global economy and its potential impact on overall IT spending and more specifically, the software sector," analyst John DiFucci said in a note on the software industry. "Europe, the financial services vertical, and U.S. government spending remain key areas of concern." Shares of Synnex Corp. (SNX) were down more than 2% after the company posted a weaker-than-expected forecast.

Stock News for Cisco Systems (CSCO)
DateTimeHeadline
08/14/201416:21:51MARKET SNAPSHOT: U.S. Stocks Rise Modestly; Berkshire Tops $200K
08/14/201411:50:23MARKET SNAPSHOT: U.S. Stocks Edge Higher; Retailers In Focus
08/14/201410:00:08U.S. Hot Stocks: Hot Stocks to Watch
08/14/201409:49:26MARKET SNAPSHOT: U.S. Stocks Open Higher; Wal-Mart Cuts Outlook
08/14/201409:23:21MARKET SNAPSHOT: U.S. Stocks: Futures Turn Flat After Jobless...
08/14/201408:11:12MARKET SNAPSHOT: U.S. Stocks: Futures Stay Up After Wal-Mart...
08/14/201406:44:38MARKET SNAPSHOT: U.S. Stocks: Futures Edge Up With Wal-Mart Results...
08/13/201421:59:06Echoes of Y2K: Engineers Buzz That Internet Is Outgrowing Its...
08/13/201420:53:56Cisco To Cut Jobs In 'Limited Restructuring'--3rd Update
08/13/201417:48:33Cisco To Cut Jobs In 'Limited Restructuring'--2nd Update
08/13/201416:21:30MARKET SNAPSHOT: U.S. Stocks Push Higher; Biotechs Rally
08/13/201412:25:46MARKET SNAPSHOT: U.S. Stocks Push Higher; Amazon.com Climbs
08/13/201411:46:34MARKET SNAPSHOT: U.S. Stocks Push Higher; Dow Up 100 Points
08/13/201410:44:34MARKET SNAPSHOT: U.S. Stocks Open Higher; Macy's Falls On Results
08/13/201410:17:00Y2K Meets 512K As Internet Limit Approaches
08/08/201412:36:06Gemalto to Buy SafeNet for $890 Million
08/06/201417:27:12TECH STOCKS: H-P Seen Gaining As IBM Exits Key Market
07/09/201416:39:46TECH STOCKS: Cisco, Facebook Edge Higher; Micron Slips
07/08/201400:30:50New Tech Group Joins Crowded Field to Set Rules for 'Internet...
06/18/201416:59:15Jabil Circuit Swings to Third-Quarter Loss on Restructuring Costs

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