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TECH STOCKS: Techs Edge Higher, But Zynga, NetApp Fall

By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) -- Technology stocks were modestly higher on Tuesday, but shares of Zynga Inc. and NetApp Inc. gave up early gains to close in the red. The Nasdaq Composite Index (RIXF) edged up 0.6% to close at 2,854. After posting gains early in the session, Zynga (ZNGA) fell 5% to close at $5.76 as the company unveiled new games at a company event in San Francisco. NetApp (NTAP) lost 1.2% to close at $29.66 as the data-storage-systems company held its analyst day. Meanwhile, Microsoft Corp. (MSFT) saw its shares rise 0.5% to close at $30.02, one of the top gainers on the Dow Jones Industrial Average(DJI) . The Dow was up 32 points as Wall Street welcomed news of modest improvement in housing prices. 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."

Stock News for Cisco Systems (CSCO)
DateTimeHeadline
12/01/201609:20:00Siemens' Shuffles Management in Bid to Expand its Software Capabilities
12/01/201609:13:00Siemens' Shuffles Management in Bid to Expand its Software Capabilities
11/28/201618:21:22Statement of Changes in Beneficial Ownership (4)
11/23/201620:20:00Avaya Weighing Bankruptcy Filing, Sale of Call-Center Software...
11/22/201618:41:36Statement of Changes in Beneficial Ownership (4)
11/22/201618:40:06Statement of Changes in Beneficial Ownership (4)
11/22/201617:08:58Quarterly Report (10-q)
11/22/201606:04:09Notice of Exempt Solicitation. Definitive Material. (px14a6g)
11/17/201609:45:00U.S. Hot Stocks: Hot Stocks to Watch
11/17/201603:03:00Cisco Warns on Outlook As Challenges Mount Cisco Systems Inc...
11/16/201619:13:00Cisco Shows Signs of Pressure
11/16/201617:00:00Cisco Shows Signs of Pressure
11/16/201616:47:00Cisco Shows Signs of Pressure
11/16/201616:10:32Current Report Filing (8-k)
11/15/201617:22:56Statement of Changes in Beneficial Ownership (4)
11/15/201611:50:00General Electric to Buy Two Tech Startups
11/09/201618:03:00Silicon Valley Braces for Uncertainty After Donald Trump's Victory--Update
11/09/201617:04:15Statement of Changes in Beneficial Ownership (4)
11/09/201614:10:00Silicon Valley Braces for Uncertainty After Trump's Victory
11/09/201613:59:00Silicon Valley Braces for Uncertainty After Donald Trump's Victory

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