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TECH STOCKS: AMD Leads Tech Retreat, But Netflix, Apple Gain

By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) -- The tech sector stood in negative territory in early post-holiday trading, as shares of Advanced Micro Devices headed south after Sterne Agee downgraded its rating to neutral. AMD (AMD) shed nearly 3% to $5.86 on Thursday, ranking as one of the worst performers within the S&P 500 index. Analyst Vijay Rakesh cut his rating on the chipmaker, citing expectations for a slowing personal computer market. "We believe the slowing PC market limits upside," Rakesh wrote. "While AMD continues to execute, material upside to consensus might be limited given PC transition and competitive headwinds." The Philadelphia Semiconductor Index (SOX) fell 2%, while the Nasdaq Composite Index (RIXF) slipped a fraction to 2,960. Within the Dow Jones Industrial Average, tech components Intel Corp. (INTC) and Cisco Systems (CSCO) were among the top decliners, as Wall Street reacted to the European Central Bank president's comments on downside risks to euro-area growth. On the upside, shares of Netflix Inc. (NFLX) jumped more than 8% to $78.22, while Yelp Inc. (YELP) saw its stock gain about 10% to $27.20. Shares of Apple Inc. (AAPL) were also up, gaining nearly 1% at $604.75 in the early going.

Stock News for Intel (INTC)
DateTimeHeadline
07/27/201618:59:38Statement of Changes in Beneficial Ownership (4)
07/27/201618:57:35Statement of Changes in Beneficial Ownership (4)
07/27/201618:55:30Statement of Changes in Beneficial Ownership (4)
07/27/201618:51:19Statement of Changes in Beneficial Ownership (4)
07/27/201618:47:59Statement of Changes in Beneficial Ownership (4)
07/27/201618:43:31Statement of Changes in Beneficial Ownership (4)
07/27/201618:39:36Statement of Changes in Beneficial Ownership (4)
07/27/201618:31:54Statement of Changes in Beneficial Ownership (4)
07/27/201618:28:41Statement of Changes in Beneficial Ownership (4)
07/27/201618:25:22Statement of Changes in Beneficial Ownership (4)
07/27/201618:21:01Statement of Changes in Beneficial Ownership (4)
07/27/201618:15:18Statement of Changes in Beneficial Ownership (4)
07/27/201604:20:00ARM Profit Up but Misses Forecasts
07/26/201615:20:00Mobileye Ends Partnership With Tesla
07/25/201608:00:00Les étudiants du niveau postsecondaire et les nouveaux diplômés du...
07/25/201608:00:00Canadian Post-Secondary Students and Recent Grads Kick Start...
07/22/201603:03:00AMD Posts First Jump In Sales in Two Years -- WSJ
07/21/201620:31:00Advanced Micro Devices Swings to a Profit
07/21/201620:30:00Correction to AMD earnings article
07/21/201618:00:00Advanced Micro Devices Swings to a Profit

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