By Benjamin Pimentel, MarketWatch
SAN FRANCISCO (MarketWatch) -- Shares of Apple and semiconductor
companies slipped, weighing down the tech sector Friday, even as
Groupon and Hewlett-Packard rallied.
Apple (AAPL) shed 0.5% to close at $520.03 as the company's new
iPad Air hit the stores. Chip stocks also retreated, led by Intel
Corp.(INTC), Texas Instruments (TXN), Advanced Micro Devices(AMD)
and SanDisk (SNDK).
On the upside, H-P (HPQ) rose 6.4% to close at $25.92, while
Groupon (GRPN) jumped 8.7% to close at $9.93.
Groupon unveiled a revamped website in a bid to transition from
being mainly an online daily deals site to an online market place.
The company also introduced updated versions of its smartphone
apps.
Shares of Facebook (FB) surrendered earlier gains, slipping
nearly 1% to close at $49.75, as the stock remained volatile
following its third-quarter report on Wednesday. Facebook blew past
Wall Street estimates, but then rattled investors with comments
about signs of declining teen usage and its plan not to ramp up
newsfeed ads.
The Nasdaq Composite Index (RIXF) eked out a 0.1% gain to close
at 3,922. The benchmark ended the week down 0.5%. The Morgan
Stanley High Tech 35 Index (MSH) was also up a fraction, while the
Philadelphia Semiconductor Index(SOX) fell 0.3%.
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