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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
04/26/201511:32:02Intel Corporation Bets Big on Tiny PCs
04/25/201511:07:02Apple Inc. Might Be Planning Massive Overhaul of the MacBook...
04/24/201511:32:02Is A Stock Market Bubble Brewing in "Internet of Things" Stocks?
04/24/201511:30:02Intel Corporation Stock Ratio Analysis
04/24/201510:50:02Did International Business Machines Corp. Make the Right Move...
04/23/201517:19:44Altera Posts Weak Guidance as Sales Fall 6%
04/23/201516:45:36Statement of Changes in Beneficial Ownership (4)
04/23/201514:08:02More Intel Corporation 14-Nanometer SoFIA Details Revealed
04/23/201508:09:023 Reasons the Microsoft Surface 3 Should Replace Your Laptop...
04/22/201518:06:02Intel Corporation Might Be Bringing a Revolutionary Technology...
04/22/201512:32:02Intel Corporationâs Skylake, MorphCore, and Unrealistic Expectations
04/22/201511:05:10Intel Corporationâs LTE-capable Atom x3 Reportedly Coming in t...
04/22/201511:00:00The Intel® Compute Stick: A New Mini-Computing Paradigm, Available...
04/22/201507:55:04ASML Clinches Order for Machines Making More Powerful Computer...
04/21/201516:04:18Statement of Changes in Beneficial Ownership (4)
04/21/201513:47:28Why Shares of Lam Research Corporation Took Off
04/21/201513:00:00Intel Security Empowers Organizations to Better Recognize and...
04/21/201510:29:44Why Employee-Performance Ratings Are Here to Stay
04/21/201509:03:02Uncovering the True Value of Advanced Micro Devices, Inc. Intellectual...
04/21/201508:05:02Intel Corporation to Detail 14-Nanometer System-on-Chip Technology...

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