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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
08/04/201509:00:00Wind River Achieves CMMI Level 3 Appraisal for Automotive Expertise...
08/04/201509:00:00Intel Collaborates With Georgia Tech to Boost Diverse Tech Pipeline
08/03/201517:44:08U.S. Firms Struggle to Trace 'Conflict Minerals'
08/03/201511:30:00Inaugural Group of Startups Selected for Intel Education Accelerator
07/31/201516:59:20Correction to Intel, Micron Story on Tuesday
07/30/201506:00:00ESL Partners with Plays.tv to Provide Exclusive POV Coverage...
07/29/201506:02:40Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
07/29/201505:50:08Alibaba Plans $1 Billion Cloud- Computing Push
07/28/201516:45:12Statement of Changes in Beneficial Ownership (4)
07/28/201516:43:56Statement of Changes in Beneficial Ownership (4)
07/28/201516:42:37Statement of Changes in Beneficial Ownership (4)
07/28/201516:41:14Statement of Changes in Beneficial Ownership (4)
07/28/201516:39:28Statement of Changes in Beneficial Ownership (4)
07/28/201516:37:17Statement of Changes in Beneficial Ownership (4)
07/28/201516:36:27Statement of Changes in Beneficial Ownership (4)
07/28/201516:35:03Statement of Changes in Beneficial Ownership (4)
07/28/201516:33:44Statement of Changes in Beneficial Ownership (4)
07/28/201516:32:49Statement of Changes in Beneficial Ownership (4)
07/28/201516:31:04Statement of Changes in Beneficial Ownership (4)
07/28/201516:29:16Statement of Changes in Beneficial Ownership (4)

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